Bankia gives a green loan of 175 million euros to Siemens Gamesa

Bankia has granted a loan of 175 million to Siemens Gamesa in order to finance the acquisition of certain renewable assets from the German company Senvion.

The financing has been made through a sustainable loan under ESG criteria (environmental, social and corporate governance), thus the entity emphasizes that it shows its strategic commitment with the objectives of reducing polluting emissions.

The contract, as noted in a statement, includes a sustainability premium that Siemens Gamesa would pay Bankia to allocate to sustainable projects, in case of a variation in the green indices of the renewable energy company.

The director of Corporate Banking at Bankia, Juan Carlos Reyes, said that “this operation implies One more step in the firm commitment of the entity to support the renewable energy business, which has a great projection in the short and long term. ”

“At Bankia we are very pleased to have been able to contribute to the financing of this operation with a leading renewable energy company such as Siemens Gamesa,” Reyes added.

For his part, Gonzalo Onzain, head of Capital Markets and Bank Relations at Siemens Gamesa, said the contract “It is totally consistent with our commitment to be increasingly competitive and sustainable. It is a good example of adding value to the business and society as a whole. “

Bankia has recently created the Directorate of Business and Sustainable Financing, which aims to promote the mobilization of resources under an action framework committed to environmental, social and corporate governance criteria, as well as promoting the financing of investments under these same criteria. Other banks are also promoting this activity and have placed it at the center of their strategy.

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