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| Siemens presents “Green Financing” for infrastructure projects According to estimates of Siemens Financial Services (SFS), roughly EUR 2,700 bn will have to be invested in energy projects worldwide over the next 20 years. The steep increase in financing costs resulting from the global credit crisis has made customized financing solutions a key success factor in the realization of necessary investments: For example, intelligent financial solutions can help exploit the cost advantages derived from the use of green energy technologies to afford the necessary investments. At the World Future Energy Summit in Abu Dhabi, UAE, Siemens presents itself as one of the global leaders in the field of climate-friendly technologies and the only provider of solutions covering the entire value chain of energy conversion from generation to consumption. SFS estimates global infrastructure investment requirements at EUR 15,000 bn over the next 20 years, with energy projects accounting for EUR 2,700 bn. This corresponds to a six-fold increase from the current investment level. At the same time, the fact that climate change will remain one of the major global challenges means that energy distribution must be as efficient as possible. An online survey of 2,750 European companies recently commissioned by SFS shows that more than 70% of respondents had invested in energy-saving technology during the past year. More than half had formulated far-reaching goals and guidelines on energy savings. While costs were found to be the single most important factor driving these moves, image considerations followed closely behind. SFS is currently structuring financial solutions for over 60 energy projects with a project volume of EUR 11.2 bn to be financed. When it comes to energy projects, the Gulf region is a particularly interesting and increasingly important region. In 2007, the region accounted for 16% of the global project finance market (17% in the first half of 2008, accordingly). SFS is active in traditional project financings as well as venture capital investments in the region. For example, the company has invested in the Masdar Clean Tech Fund I, and projects such as the construction of the water desalination plant Shuaibah in Saudi Arabia with a project volume to be financed of about EUR 2.5 bn have benefited from SFS' project financing solutions. write your comments about the article :: © 2009 Construction News :: home page |