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Siemens Gamesa accumulates approximately 1.5 billion euros in green guarantee lines in less than a year

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Siemens Gamesa Renewable Energy (SGRE) has accumulated 1.48 billion euros in green guarantee lines, having just completed a deal with Societe Generale to convert a 230 million euro guarantee line to ‘green’.
Siemens Gamesa accumulates approximately 1.5 billion euros in green guarantee lines in less than a year
Courtesy of SGRE

This is the third green guarantee line that Siemens Gamesa has arranged so far this year, in addition to 1.25 billion euro arranged with two other banks. Siemens Gamesa will use this line for its worldwide business of manufacturing onshore and offshore wind turbine generators.

“This deal contributes to implementing projects that benefit the environment, address climate change and are socially responsible” said David Mesonero, CFO of Siemens Gamesa. “It further enhances our company's firm commitment to the Sustainable Development Goals (SDG) in connection with 'Affordable and clean energy' and 'Climate action'. Incorporating environmental, social and governance criteria into finance is another step in our commitment to creating a better future for people and the planet, by optimising financial capital in order to accelerate the transformation towards a more competitive and sustainable business model”.

Laetitia Rodríguez, Banker at Societe Generale and Miguel Ángel Rodriguez Pinos, Head of Trade Finance in Spain added that Societe Generale is fully committed with a responsible energy transition and is proud to support Siemens Gamesa in the achievement of sustainable development goals through clean energy.

Siemens Gamesa has installed over 99 GW of wind capacity worldwide, which produce enough clean energy to power nearly 85 million European households. In this way, the company contributes to eliminating 260 million tons of CO₂ emissions each year, the equivalent of planting over 4 billion trees or removing the emissions of 170 million diesel cars.

The company also supports the global climate protection goals and has adopted the global initiative to decarbonise economies. Siemens Gamesa is steadily replacing conventional emission-intensive power sources with renewable energies in its operations.

For additional information:

Siemens Gamesa Renewable Energy (SGRE)

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