Siemens Gamesa Renewable Energy (SGRE) continues to pass milestones in its commitment to sustainable development, having raised to €1.25 billion the amount of guarantees that qualify as green as they contribute to the United Nations Sustainable Development Goals (SDG).
In a deal arranged with BNP Paribas, the company converted a €240 million guarantee line into a green line and signed an additional line for €110 million. That €350 million is in addition to the €900 million in guarantees arranged with other banks.
Siemens Gamesa will use this line to fund its business of manufacturing and selling onshore and offshore wind turbines worldwide.
“This deal is a further step in our commitment to being one of the main drivers of sustainable development. 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,” said David Mesonero, CFO, Siemens Gamesa.
“BNP Paribas is fully aligned with Siemens Gamesa in pursuit of the common goal of a low-carbon economy,” said Alberto Sarricolea, Head of Corporate Banking at BNP Paribas.