Siemens Gamesa secures EUR 900m green guarantee line in Spain

Siemens Gamesa Renewable Energy SA (BME:SGRE) announced today it has secured a EUR-900-million (USD 1bn) green guarantee line with Spain’s Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA), or BBVA. This the inaugural deal under BBVA's s new sustainable transactional product linked to the United Nations Sustainable Development Goals (SDG). Siemens will use the money to support its global onshore and offshore wind turbine manufacturing and selling business, impacting the SDG as it is related to"Affordable and clean energy" and "Climate action", the company said. The Clean Coalition has released a Solar Siting Survey that highlights the significant level of commercial-scale solar that may be generated within the City of San Diego.