Siemens Gamesa Renewable Energy (SGRE) strengthened its focus on sustainability and set a milestone by becoming the first company in Spain to arrange a guarantee line that qualifies as 'green' due to its contribution to the United Nations Sustainable Development Goals (SDG), the company announced in a recent statement.
In a deal arranged with Banco Bilbao Vizcaya Argentaria (BBVA), Siemens Gamesa converted a €900 million guarantee line into a 'green' transaction.
The company targets impacting SDG for affordable and clean energy and for climate action.
The company statement showed that Siemens Gamesa has installed close to 90 gigawatts (GW) of wind capacity to date, avoiding 233 million tons of carbon dioxide emissions per year.
David Mesonero, CFO of Siemens Gamesa, echoed the company's commitment to combating climate change by generating clean, sustainable energy for the planet.
"Siemens Gamesa focused on being ever more sustainable across the board, and this deal is another step in that direction," Mesonero said.
According to the company, the close to 90 GW of wind capacity installed by Siemens Gamesa worldwide reduces carbon dioxide emissions by more than 233 million tons per year.
"The company also supports global climate protection goals and has adopted the global initiative to decarbonize economies. Siemens Gamesa has undertaken to be carbon-neutral by 2025, by replacing conventional emission-intensive power sources with renewable energies in its operation," the company stated.
By Gulsen Cagatay