News release from
Vestas has signed a
The facility, which is available for general corporate purposes, including guarantees issuance in relation with wind power projects, carries a five-year tenor with two one-year extension options, replacing Vestas' undrawn
The successful transaction, concluded following the assignment of a strong credit rating of Baa1 from Moody´s, underlines a growing confidence in Vestas' continued financial and operational transformation, as well as in the significant projected growth of renewable energy in the near future.
The renewed facility will be key in supporting Vestas' work with driving deployment, and evolving new technology, as well as supporting increased sustainability performance across Vestas' value chain.
Directly linked with Vestas' sustainability strategy entitled "Sustainability in everything we do", the facility's interest rate margin will be adjusted based on sustainability-linked performance targets, marking the first time Vestas has engaged with sustainability-linked financing. These targets measure Vestas' ability to reduce its own carbon footprint and enhance workplace safety while subsequently adding ambitious targets to improve the carbon footprint across its supply chain. Performance targets will also cover ambitions around more sustainable materials use, and increased recyclability across the turbine value chain.
For more information, please contact:
Investor relations
Mathias Dalsten, Senior Director
Investor Relations
Tel: +45 2829 5383
Communications
Communications Specialist
Tel: +45 266 92968
Email: mtkdo@vestas.com
About Vestas
Vestas is the energy industry's global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 132 GW of wind turbines in 82 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 117 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas' more than 29,000 employees are bringing the world sustainable energy solutions to power a bright future.
For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images.
We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:
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https://news.cision.com/vestas-wind-systems-a-s/r/vestas-signs-new-eur-2-000-million-sustainability-linked-revolving-credit-facility,c3336635
https://mb.cision.com/Public/18886/3336635/b24e7df3c76cca6d.pdf
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