The company recently extended a guarantee line from Danske Bank to 150 million euros and so is moving forward in its strategy of making sustainability a key element of all aspects of its business, including its funding strategy. It has also signed and included similar conditions for a new 140 million euros guarantee line from Mizuho Bank Europe NV.
Siemens Gamesa will use the funding to support its business of manufacturing and selling onshore and offshore wind turbines worldwide, 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” said David Mesonero, CFO of Siemens Gamesa. “Sustainability and ESG principles are key at every decision, including in our funding and financing strategy”.
The company has installed over 99 GW of wind capacity worldwide, which produce enough clean energy to power nearly 85 million European households. In this way, the company contributes to eliminating 260 million tons of CO₂ emissions each year, the equivalent of planting over 4 billion trees.
It also supports the global climate protection goals and has adopted the global initiative to decarbonise economies and is steadily replacing conventional emission-intensive power sources with renewable energies in its operations.
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