On August 28, 2024, BBVA Spark announced that it has granted $10 million in a bank guarantee facility to support Colombia-based Bia Energy, a company that seamlessly merges smart metering infrastructure data with energy trading. Wilson Sonsini Goodrich & Rosati advised Bia Energy on the transaction.

Founded in 2022, Bia Energy serves over 2,500 companies across 134 cities. The guarantees will be used to support Bia’s upcoming energy transactions.

The Wilson Sonsini team that advised Bia Energy on the transaction includes Matt Squires and Luis Fortuño.

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