Siemens Gamesa Strengthens Focus on Sustainability

Author photo: Sharada Prahladrao
BySharada Prahladrao
Category:
Acquisition or Partnership

Siemens Gamesa Renewable Energy (SGRE) strengthened its focus on sustainability and set a milestone by being the first company in Spain to arrange a guarantee line that qualifies as “green” as it contributes to the United Nations Sustainable Development Goals (SDG). In a deal arranged with BBVA (a customer-centric global financial services group), Siemens Gamesa converted a €900 million guarantee line into a “green” transaction and will use it 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.”

The close to 90 GW of wind capacity installed by Siemens Gamesa worldwide reduces CO₂ emissions by more than 233 million tons per year. The company also supports global climate protection goals and has adopted the global initiative to decarbonise economies. Siemens Gamesa has undertaken to be carbon-neutral by 2025, by replacing conventional emission-intensive power sources with renewable energies in its operations.

Keywords: Siemens Gamesa, Sustainable Development Goals, BBVA, Renewable Energy, Wind Capacity, ARC Advisory Group

Engage with ARC Advisory Group

Representative End User Clients
Representative Automation Clients
Representative Software Clients