Siemens Gamesa Green Guarantee Lines Reach EUR 1.5 Billion

Siemens Gamesa has completed a deal with Societe Generale to convert a EUR 230 million guarantee line to green, the third such line that the company has arranged so far this year, in addition to EUR 1.25 billion 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.”

Siemens Gamesa has installed over 99GW of wind capacity worldwide, including 1,000 offshore Direct Drive wind turbines.

The company also supports global climate protection goals and has adopted the global initiative to decarbonise economies.

“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,” said Laetitia Rodríguez, Banker at Societe Generale and Miguel Ángel Rodriguez Pinos, Head of Trade Finance in Spain.