(BRIEF) BBVA has partnered with the “Cleantech for Iberia” initiative to promote the progression of white technologies in Spain and Portugal. The initiative aims to turn the Iberian Peninsula into a reference pole in the blank generation sector and has a diverse budget that exceeds one billion euros. “Cleantech for Iberia” is promoted through Breakthrough Energy, an initiative founded by Bill Gates aimed at selling blank energy solutions. It aims to create a physically powerful ecosystem, the expansion of expanding businesses and align policies with the decarbonization goals of both countries. Investment in white space generation in the region has increased sixfold in the last five years, reaching 676 million euros in 2022. BBVA is the only bank participating in the initiative, joining climate and corporate investors in white space technologies. blank spaces to stimulate entrepreneurship and the creation of projects in decarbonization. . Industries. The benefits of the initiative include abundant white energy, ambitious renewable energy targets, a professional workforce and prospects for expansion in green hydrogen production.
(PRESS RELEASE) BILBAO, November 16, 2023 — /EuropaWire/ — BBVA has joined the “Cleantech for Iberia” initiative to promote the progression of blank technologies in Spain and Portugal. The main objective is to create a hub that makes the Iberian Peninsula a leader in the “blank technology” sector. The initiative brings the budget to more than €1 billion.
“Years ago, we were pioneers in positioning BBVA in fintech. Now, we also need to lead this new ‘blank tech’ sector. Advances in blank technologies will allow us to decarbonize the economy in the coming years, and the ‘Cleantech for Iberia’ alliance will identify and resist inventions that reshape the way we face demanding environmental situations in the Iberian Peninsula,” says Victoria Mozos, Head of Sustainability at BBVA.
“For the first time, Blanktech’s Iberian network has joined forces to speak with one voice. This marks the beginning of an exciting new bankruptcy to turn the Iberian Peninsula into Europe’s next blanktech shopping hub,” says Bianca Dragomir, director of “Cleantech for Iberia”. “.
“Cleantech for Iberia” is supported by Breakthrough Energy, an initiative founded by Bill Gates that focuses on progress and blank energy solutions.
“Cleantech for Iberia” aims to create a strong ecosystem and publicize the progression of scaleups (companies that have already managed to raise at least $1 million); specialized investments; and policies aligned with decarbonisation in Spain and Portugal. It also seeks to raise capital and boost entrepreneurship and job creation in new decarbonization industries in the coming years.
Investment in blank technologies in the Iberian Peninsula has increased sixfold in the last five years, reaching €676 million in 2022. A total of 160 companies have already invested in the “blank tech” sector, and six hundred are expected to do so in the coming years.
BBVA is the only bank on the peninsula that participates in the “Cleantech for Iberia” program. Climate Budget (Net Zero Ventures, Klima, A
The coalition promoted through Cleantech Group and Breakthrough Energy was presented today, November 15, at the ‘Web Summit’ generation convention held in Lisbon.
According to “Cleantech for Iberia”, the comparative benefits of making an investment in vacuum technologies in the Iberian Peninsula are the use of vacuum, reasonable and abundant energy; setting ambitious targets, such as reaching 81% renewable energy in Spain by 2030 and 80% in Portugal by 2026; a professional workforce; energy and hydrogen garage; and a physically powerful commercial fabric. At the same time, expansion is expected in the green hydrogen sector, in which Spain would contribute 20% of global initiatives, according to the alliance.
“Clean Technologies for the Iberian Peninsula” calls for trade policies to close the transitory gap between ambitious goals and ecosystem needs; promote remarketing through policies that cover the entire chain, allocation progression costs; and, finally, to unite the Iberian Peninsula on a global scale, coordinating long-term infrastructure plans.
“Cleantech for Iberia” is part of “Cleantech for Europe”, an initiative to raise awareness of blank technologies in Europe, with a presence in the United Kingdom, France, Germany, Nordic and Baltic countries and now also in the Iberian Peninsula.
Integrating monetary institutions such as BBVA into sustainability and innovation projects is key to continuing to scale the transformation and adapt to the key trends that are transforming the world.
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