Siemens Gamesa Reaches EUR 1.72 Billion in Green Guarantee Lines

Siemens Gamesa recently extended a guarantee line from Danske Bank from an initial EUR 100 million to EUR 150 million and included Sustainable Development Goals (SDG) criteria.

The company had also signed and included similar conditions for a new EUR 140 million guarantee line from Mizuho Bank Europe NV. 

According to Siemens Gamesa, this will be used to support its business of manufacturing and selling offshore and onshore wind turbines, with an impact on the Sustainable Development Goals relating to “Affordable and clean energy” and “Climate action”.

“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.

In December, Siemens Gamesa announced it had completed a deal with Societe Generale to convert a EUR 230 million guarantee line to green.