- The company is stepping up its commitment to sustainability and combating climate change, having installed over 99 GW of wind capacity to date that produce enough electricity to power close to 85 million European households.
Siemens Gamesa accumulates approximately 1.5 billion euro in green guarantee lines in less than a year
The company has just completed a deal with Societe Generale to convert a 230 million euro guarantee line to "green”. This is the third green guarantee line that Siemens Gamesa has arranged so far this year, in addition to 1.25 billion euro arranged with two other banks.
Siemens Gamesa will use this line for its worldwide business of manufacturing onshore and offshore wind turbine generators. "This deal contributes to implementing projects that benefit the environment, address climate change and are socially responsible. It further enhances our company's firm commitment to the Sustainable Development Goals (SDG) in connection with 'Affordable and clean energy' and 'Climate action'. Incorporating environmental, social and governance criteria into finance is another step in our commitment to creating a better future for people and the planet, by optimising financial capital in order to accelerate the transformation towards a more competitive and sustainable business model," said David Mesonero, CFO of Siemens Gamesa.
“Societe Generale is fully committed with a responsible energy transition and we are proud to support Siemens Gamesa in the achievement of sustainable development goals through clean energy”, explain Laetitia Rodríguez, Banker at Societe Generale and Miguel Ángel Rodriguez Pinos, Head of Trade Finance in Spain.
Siemens Gamesa 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 or removing the emissions of 170 million diesel cars.
The company also supports the global climate protection goals and has adopted the global initiative to decarbonise economies. Siemens Gamesa is steadily replacing conventional emission-intensive power sources with renewable energies in its operations.
Siemens Gamesa is a member of prestigious international sustainability indexes, such as Dow Jones Sustainability Indices®, FTSE4Good® and Ethibel Sustainability Index®.
Siemens Gamesa Renewable Energy, S.A. Press release - Siemens Gamesa accumulates approximately 1.5 billion euro in green guarantee lines in less than a year. URL: https://www.siemensgamesa.com/en-int/newsroom/2019/12/191210-siemens-gamesa-gree.... [Date Accessed: 10/12/2019].
- i4Offshore project to receive almost 20 million euro in support over five-year duration
- Goal is to deliver offshore wind solutions making consumers' electricity bills both lower and greener compared to fossil fuel or other renewable energy sources
- Technologies tested to include 1,000-ton bucket foundation, steel jacket, a concrete transition piece, new cable connection
- 15 project partners companies include experts from all fields within the offshore wind industry; one of the largest offshore wind energy R&D projects ever
- Official title: "Integrated Implementation of Industrial Innovations for Offshore Wind Cost Reduction"
- The company is to install ten SG 3.4-132 turbines with a total capacity of 34.6 MW
- The main components will be manufactured in the Aoiz (Navarra) and Ágreda (Soria) plants
- Project to utilize 58 SG 8.0-167 DD offshore wind turbines; 17-year Long Term Service agreement with logistics included
- SeaMade is the name of two combined offshore wind projects, previously known as Mermaid (235 MW) and Seastar (252 MW)
- Clean energy to be provided to 485,000 households
- Installation and commissioning expected to be completed before the end of 2020
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- All of the contracts include operation and maintenance agreements