The Basque Hydrogen project in Bilbao, led by a joint venture involving Petronor, Enagás Renovables, and Ente Vasco de la Energía, with support from BBVA, is set to pioneer renewable energy innovation. The initiative aims to supply hydrogen to a demo plant producing synthetic fuels for various modes of transport. The project, expected to launch in the first half of 2026, involves assembling equipment and completing the electrical line supply to the plant. BBVA's role as the advisor and debt coordinator, alongside its financial viability contributions, highlights its commitment to sustainable endeavors. The financing model adopted, project finance, showcases a pioneering approach in the hydrogen sector. BBVA's announcement at the Energy Tech Summit in Bilbao underlines its strategic focus on sustainability, with a significant commitment to channelling €700 billion towards sustainable projects by 2029. The bank's investments in decarbonization funds, strategic partnerships with entities like KKR, and participation in climate action funds demonstrate its dedication to driving innovative solutions in the energy transition sector.