Siemens Gamesa: bank guarantee for Hornsea 2

(CercleFinance.com) - Siemens Gamesa has signed a bank guarantee line up to 600 million euros to cover the construction of Hornsea 2, the largest offshore wind farm.


Located in the North Sea and owned by the Danish utility company Ørsted, the wind farm will consist of 165 Siemens Gamesa wind turbines (1.4 GW), capable of producing enough clean energy to power 1.3 million homes in the UK.

The deal is linked to fulfilment of ESG criteria and it channels funds to a breast cancer research project at Hospital La Paz Institute for Health Research in Madrid

“This deal is a continuation of Siemens Gamesa's focus on sustainability in finance and strengthens it at a difficult time for all of society, in which we must go that extra mile in supporting medical research. It is very gratifying to be able to make a contribution,” said Thomas Spannring, acting CFO of Siemens Gamesa.


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