Siemens Gamesa is adding €350m of credit to its existing line of €900m ‘green’ guarantees.
The wind turbine producer has now raised to €1.25bn the amount of guarantees that qualify as ‘green’ as they contribute to the United Nations Sustainable Development Goals (SDG).
Siemens Gamesa will use this line to fund its business of manufacturing and selling onshore and offshore wind turbines worldwide, with a positive impact on the SDG relating to ‘affordable and clean energy’ and ‘climate action’.
In a deal arranged with BNP Paribas, the company converted a €240m guarantee line into a ‘green’ line and signed an additional line for €110m.
The €350m is in addition to the €900m in guarantees arranged with other banks.
Siemens Gamesa chief executive David Mesonero said: “The Sustainable Development Goals reflect a new understanding that global development must integrate economic growth, social well-being and environmental protection.
“At Siemens Gamesa we are focused on driving this global process and contributing to attaining those goals. In fact, our wind turbines produce clean energy for millions of homes and contribute to combating climate change, one of the main challenges that we face at present.”
Meanwhile, at its regular meeting on 18 September, the supervisory board of Siemens made a series of personnel decisions, which include appointing managing board member Michael Sen, whose current duties include responsibility for the company’s equity investment in Siemens Gamesa, to CEO of the new energy and electricity company, which is planned for public listing in September 2020.