Green technology provider Envision Energy announced that it has secured a $500 million vendor financing agreement with Spanish bank BBVA, aimed at accelerating its renewable energy projects across Europe, Asia and Latin America.
Founded in 2007, Shanghai-based Envision provides renewable energy system solutions for global enterprises, governments and institutions, focusing on areas including smart wind turbines, energy storage and green hydrogen solutions.
According to the company, the vendor financing program is designed to support customers through a flexible structure incorporating diversified financing instruments, working capital optimization and extended payment terms. The framework enables financing opportunities to be identified early in project development, alongside advisory support throughout the project lifecycle, with the aim of reducing capital constraints and accelerating deployment of renewable energy solutions.
Henry Peng, Senior Vice President of Envision Energy and President of EU & LATAM Regions said:
“The global energy transition requires not only technological innovation, but also forward-looking financial solutions that can accelerate deployment at scale. This vendor financing programme with BBVA enables us to optimize working capital while supporting the faster deployment of our renewable energy technologies across strategic markets in Europe, Asia and Latin America.”
The new agreement marks an expansion of the collaboration between the two companies, following a $600 million sustainability-linked syndicated loan signed by Envision earlier this year, with BBVA serving as one of the mandated lead arrangers.
Eva Rubio, Head of Global Transaction Banking at BBVA CIB said:
“At BBVA CIB, we are pioneers in developing innovative vendor financing solutions, with a firm commitment to sustainability and to driving the global energy transition. This agreement also strengthens our support for the international expansion of companies such as Envision Energy, leaders in the development of clean technologies.”
