BBVA has committed $200m to KKR´s Global Climate Strategy which invests to support the transition to a low-carbon economy.

The investment is part of a new partnership between the firms that will also look to find new climate infrastructure-related investments, including opportunities that support the energy transition and electrification.

Global Head of Sustainability and CIB at BBVA, Javier Rodríguez Soler, said, “We are confident that the second part of this decade will see strong growth of new low carbon infrastructures. It is an immense opportunity. Our goal is to become a leader in deploying advisory and financing to support our clients in US and Europe sectors like Energy, Construction, Mobility and others in building the infrastructures of the future. This ambitious partnership with KKR will be a key piece of our sustainability strategy. Teams from both groups will work together to take advantage of this opportunity of growth for our businesses.”

Emmanuel Lagarrigue and Charlie Gailliot, Co-Head of KKR´s Global Climate Strategy, said, “We are still in the early innings of what will be a multi-decade transition to net zero, which is one of the biggest investment opportunities of our time and requires participation from across the financial sector. We are delighted to collaborate with BBVA given their industry-leading presence within the renewables sector and their deep commitment to mitigating the impacts of climate change.”

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