Envision Energy has secured a $500m (USD) vendor financing agreement to support its expansion across Europe, Asia, and Latin America from BBVA Corporate & Investment Banking.
Shanghai-based Envision provides wind turbine, energy storage, and green hydrogen solutions for global enterprises, governments, and institutions.
Earlier this year, Envision successfully signed a USD 600 million equivalent sustainability-linked syndicated loan in Hong Kong, with BBVA serving as one of the mandated lead arrangers.
Henry Peng, Senior Vice President, Envision Energy & 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 optimise working capital while supporting the faster deployment of our renewable energy technologies across strategic markets in Europe, Asia and Latin America.
Eva Rubio, Head of Global Transaction Banking at BBVA CIB, said: “Envision’s solid credit profile, and its pioneering use of physical AI to drive the global green transition give BBVA CIB great confidence in this partnership.
“This agreement also strengthens our support for the international expansion of companies such as Envision Energy, leaders in the development of clean technologies.”