RBI signs first Green Guarantee Facility Agreement with Siemens Gamesa

RBI has signed its first Green Guarantee Facility Agreement in the amount of € 200 million with Siemens Gamesa Renewable Energy S.A. (Siemens Gamesa), a leading Spanish manufacturer of offshore and onshore wind turbines and services for the renewable energy industry. Looking back at more than 35 years of experience, Siemens Gamesa is a global force for sustainable development in the wind power business, providing renewable energy solutions worldwide.

 

“Mitigating risks and providing appropriate financing solutions are one of our key strengths. By offering green trade finance products, we support our clients in their investments in sustainable projects,” said Peter Lennkh, RBI Board Member in charge of Corporate Banking. “The cooperation with Siemens Gamesa underlines our commitment towards the Principles for Responsible Banking (UNEP FI), which RBI signed as first Austrian bank in February 2021.”

 

“At Siemens Gamesa, we are focused on being ever more sustainable across the board and this deal is another step in that direction. This guarantee line will serve our onshore, offshore and service business to support our customers and the global energy transition,” said Gonzalo Onzain, Head of Capital Markets and Bank Relations.

 

RBI is committed to responsible banking and sustainability and therefore keen to support its customers with sustainable finance products and related comprehensive know-how. The Green Guarantee Facility Agreement with Siemens Gamesa incorporates the use-of-proceeds concept for “Eligible Green Projects”, e.g. wind power plants located outside legally protected (biodiversity) areas. The eligible projects and their environmental impact will be documented in Siemens Gamesa’s annual Green Report thereby improving the company’s sustainability perception and, ultimately, its sustainability ratings. 

21.12.2021 - Press 2021, Homepage, Insights