BBVA structures first sustainability-linked ‘Shopping Line’ backed by Sinosure for ACCIONA

BBVA CIB is acting as Mandated Lead arranger and coordinator of Sinosure support in a €206 million credit facility, in an initial phase, structured for ACCIONA with the aim of centralising and optimising the financing of purchases from suppliers in China under a single, flexible framework.

BBVA and ACCIONA, one of the world’s leading sustainable  and renewable energy solutions companies, have signed an agreement to implement the first sustainability-linked ‘Shopping Line’ facility backed by Sinosure, China’s official export credit agency. 

This transaction marks a milestone for BBVA, reinforcing its ability to combine structured finance solutions with a sustainable approach and ECA support, thereby expanding its ECA covered finance offering for global clients.

This facility structure allows the grouping of equipment and service purchases from multiple Chinese suppliers, streamlining procurement processes and facilitating access to medium- and long-term financing backed by Sinosure. 

It is the first transaction of its kind carried out with the Chinese agency under this structure, with a 95% coverage, opening up new avenues of competitive financing for projects requiring Chinese-sourced components.

The deal features both a corporate-level sustainability target and a local impact indicator providing +9,000 hours of decarbonization training to Chinese suppliers, in line with ACCIONA’s Sustainable Impact Financing Framework and aligned with BBVA and Sinosure´s firm commitment to sustainable finance. 

The financial terms are tied to measurable sustainability indicators, and the financing supports ACCIONA’s infrastructure projects globally, aligned with its strategic priorities.

“This milestone demonstrates BBVA’s ability to combine ECA-backed export finance with sustainable structures, thereby supporting our clients’ strategic supply chains,” said Sarah Yu, Managing Director, Structured Trade Finance in CIB Asia. “We are proud to support ACCIONA in this pioneering transaction with Sinosure, which enhances access to efficient structured and sustainable financing for procurement eligible for the cover, and underscores our commitment to responsible growth.”

This transaction represents a step forward in BBVA’s strategy to deliver innovative financial solutions tailored to the global needs of its corporate clients. By embedding sustainability criteria and leveraging trade finance instruments such as ECA coverage, the bank strengthens its role as a strategic partner in key sectors and reinforces its value proposition in international financing.