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Siemens Gamesa bolsters green credit line

By: Tom Russell 06/01/2020 SGRE

General Windfarms

Siemens Gamesa Renewable Energy (SGRE) recently extended a guarantee line from Danske Bank to €150 million from an initial €100 million and included Sustainable Development Goals (SDG) criteria. The company has signed and also included similar conditions for a new €140 million guarantee line from Mizuho Bank Europe NV.

In less than a year, SGRE has accumulated €1.72 billion in green guarantee lines. Siemens Gamesa will use this to support its business of manufacturing and selling onshore and offshore wind turbines worldwide. The company claims to have installed over 99 GW of wind capacity worldwide, which produces enough energy to power nearly 85 million European households.

“Becoming more sustainable and competitive is clearly feasible and positive, and we aim to do it at every step we take. Sustainability and ESG principles are key at every decision, including in our funding and financing strategy” said David Mesonero, CFO of Siemens Gamesa.

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Siemens Gamesa bolsters green credit line

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