Siemens Gamesa has arranged a €900m guarantee line with BBVA bank in Spain that is designated ‘green’ because of the contribution to the UN Sustainable Development Goals.
The cash will be used to support Siemens Gamesa’s manufacturing and selling of onshore and offshore turbines around the world.
The deal is the first guarantee line that qualifies as green in Spain, the manufacturer said.
It is also the first transaction arranged under BBVA’s new sustainable product linked to the UN Sustainable Development Goals.
Siemens Gamesa chief financial officer David Mesonero said: “I am particularly proud of our company’s commitment to combating climate change by generating clean, sustainable energy for the planet.
“At Siemens Gamesa, we are focused on being ever more sustainable across the board, and this deal is another step in that direction.”
Siemens Gamesa has close to 90GW of turbines installed worldwide, reducing carbon dioxide emissions by over 233 million tonnes a year, the company said.