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BBVA, Houston, Texas. Credit: Brett Hondow, Shutterstock.
BBVA has become the fourth-largest bank financing data centres in the U.S. between January and May 2025, according to its Global Head of Sustainability and CIB, Javier Rodríguez Soler.
Speaking at an event hosted by the Spain–U.S. Chamber of Commerce in Houston, Rodríguez Soler reaffirmed BBVA’s growing footprint in the U.S., calling it the bank’s fastest-expanding corporate market.
He highlighted surging demand for energy due to electrification, artificial intelligence, and digitalisation – factors driving investment in infrastructure like power grids, renewable energy, and data storage. “Clean technologies are not only necessary – they are also a profitable option,” he stressed.
BBVA’s sustainability-focused strategy includes a new Houston hub and expanded operations in New York and Miami. The bank believes Texas offers major opportunities, as $700 billion will be needed to transmit power and 800 gigawatts are expected in the U.S. of renewable energy by 2035.
Rodríguez Soler also underlined BBVA’s role as a bridge between Spain, Mexico, and the U.S., tapping into nearshoring trends. The bank aims to channel €700 billion in sustainable business by 2029, up from €304 billion since 2018.
At the event, the Spanish Economy Minister launched a Spanish Investment Barometer for the U.S.
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