Vestas has signed a EUR 2,000 million revolving multi-currency credit facility with a group of banks. 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 EUR 1,150 million revolving credit facility signed in 2017.
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. These targets measure Vestas’ ability to reduce its own carbon footprint and enhance workplace safety and will also cover ambitions around more sustainable materials use, and increased recyclability across the turbine value chain.