- The company is stepping up its commitment to sustainability and combating climate change, having installed over 99 GW of wind capacity to date that produce enough electricity to power close to 85 million European households.
Siemens Gamesa Renewable Energy continues to demonstrate that sustainability can be present in every step it takes as a company, including its funding strategy. In less than a year, it has accumulated 1.48 billion euro in green guarantee lines.
The company has just completed a deal with Societe Generale to convert a 230 million euro guarantee line to “green”. 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. 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,” said David Mesonero, CFO of Siemens Gamesa.
“Societe Generale is fully committed with a responsible energy transition and we are proud to support Siemens Gamesa in the achievement of sustainable development goals through clean energy”, explain Laetitia Rodríguez, Banker at Societe Generale and Miguel Ángel Rodriguez Pinos, Head of Trade Finance in Spain.
