BBVA has already channeled 60,000 million euros into sustainable business linked to electrification between January 2025 and September 2026, as the president of the entity, Carlos Torres, has pointed out during his speech at COP31, which is taking place these days in Turkey.
According to the figures released by the bank, this amount represents around 24% of the 254,000 million euros mobilized by BBVA in sustainable business in that same period. In a statement that includes his speech, the entity recalls that "From BBVA we are contributing in everything we can, not only through financing, but also by offering advisory services and accompanying our clients".
In his appearance, Carlos Torres Vila highlighted that the electrification of the economy goes beyond the simple generation of clean energy and the processes of decarbonization, and defined it as a key element for competitiveness and economic growth, as well as an essential factor for resilience, energy security and energy autonomy.
The nearly 60,000 million euros directed to sustainable business by BBVA since January 2025 include both electricity generation and supply projects and initiatives related to networks, storage and the electrification of transport, industry and buildings.
Within this volume, around 24,000 million euros are allocated to operations associated with renewable generation and electricity supply, with technologies such as solar photovoltaic and wind. Another 7,000 million are linked to electricity grids, energy storage solutions and batteries, while close to 27,500 million are aimed at operations focused on electrification of demand, mainly in transport, industry and the building stock.