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News07 February 2021Siemens Financial Services

Newsroom: Siemens Financial Services

Statement on Covid-19

Siemens Financial Services remains committed throughout the Covid-19 crisis to maintaining the high level of service our customers and partners have come to expect. Please also refer to the Siemens statement about the Covid-19 situation.

Information on the Covid-19 situation

Press Releases

Siemens expands virtual power plants to industry with new Sinebrychoff contract

In a move that brings new market opportunities for industrial players, Siemens has developed a unique business model to support the next level of energy optimization for Finnish brewery Sinebrychoff, a subsidiary of the international Carlsberg Group. At the heart of the solution is a virtual power plant (VPP) and the latest energy storage technology, supported with financing solutions, to create one of the first examples of power flexibility in an industrial site. 
Read the press release

Siemens and Macquarie’s Green Investment Group Launch Distributed Energy Venture Calibrant Energy

Macquarie’s Green Investment Group (GIG), Siemens Smart Infrastructure and Siemens Financial Services (SFS) today announced the formation of Calibrant Energy (Calibrant), a joint venture that offers comprehensive onsite Energy-as-a-Service (EaaS) solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools and hospitals.
Read the press release

Continuing a successful partnership: A new combined cycle power plant gives Evonik a future-viable power supply

Siemens Energy is building another highly efficient combined cycle power plant for the specialty chemical company Evonik at its largest industrial location in Marl, North Rhine-Westphalia, Germany. Consisting of one SGT-800 gas turbine, one SST-400 steam turbine, and two generators, the plant will produce power and heat with 90 megawatts of electrical capacity and 220 megawatts of thermal capacity.
Read the press release

Siemens partners with BECIS to accelerate deployment of distributed energy in Asia Pacific

Combining its financial expertise with intelligent energy solutions and services, Siemens has entered investment and framework agreements with Berkeley Energy Commercial Industrial Solutions (BECIS). Together, they will provide customers access to distributed energy solutions via a flexible ‘Energy as a Service’ (EaaS) model, allowing customers in the Asia Pacific market to pay for energy services without the need for any capital investment. 
Read the press release

Prumo, bp and Siemens enter into partnership with SPIC on energy projects in Brazil

Prumo, a private Brazilian company controlled by EIG Global Energy Partners, bp and Siemens signed a binding agreement with SPIC Brasil. Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.
Read the press release

Siemens to provide the power island, service, and financing for power plant in Armenia

Siemens will supply a complete power island for the new Yerevan 2 combined cycle power plant at the existing plant site in the Armenian capital. The company will also operate and maintain the plant for a period of 20 years. Siemens Financial Services (SFS) – Siemens' financing arm – holds a 40 percent share in the special-purpose project company ArmPower founded specifically for this project. Yerevan 2 is the largest single order that Siemens has ever received from Armenia.
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Siemens buys a 20% stake in MicropowerComerc, a company that wants to revolutionize the market by offering battery storage through performance contracts

Siemens, a leader in smart infrastructure solutions, strengthens its market position in the distributed energy space by partnering with Micropower-Comerc Energia S.A.. Micropower-Comerc offers its customers battery storage as a service (“bSaaS”), delivering energy bill savings to its customers, while providing back-up power much faster and cleaner than a diesel generator.
Read the press release

Tata-Siemens consortium wins bid for the Pune Metro project

The consortium of TRIL Urban Transport Private Limited (a Tata Group Company), and Siemens Project Ventures GmbH (subsidiary of Siemens Financial Services), has been awarded the contract by the Pune Metropolitan Region Development Authority to develop the metro corridor from Hinjewadi to Shivajinagar. Honorable Chief Minister of Maharashtra, Shri Devendra Fadnavis, today handed over the Letter of Award to the consortium at a ceremony held in Mumbai.
Read the press release

Clean, green search for Google´s users, as Siemens Gamesa’s wind turbines in Sweden will power its data center

Siemens Gamesa Renewable Energy (SGRE) has secured an order to supply the Stavro project, its largest ever onshore wind order in Sweden. The 62 turbines with a 4.1 MW rating built by SGRE will power Google’s data center with clean energy, as well as Holmen’s local paper and board business.
Read the press release
Further SFS Press Releases

News & Stories

Green Financing

Energy transition: Unlocking the potential of green financing

The ongoing pandemic has brought the topic of transitioning to a more sustainable energy future into even sharper focus. More than ever, the energy market is in the midst of a fundamental transition that will affect how we refuel our vehicles, heat our buildings and supply electricity to our industries. There is a clear trend shifting away from fossil fuels toward cleaner power generation from renewable energy sources. Read more how financing is enabling renewables in Europe, paving the way to a more sustainable future.
Exploring the digital world, girl looking at laptop through a kitchen roll

How Princess Lillifee opened my eyes for a career in data science

Around the world at Siemens Financial Services (SFS), we have some of the smartest minds reimagining the future and doing extraordinary things. Katalin Westhoff, data scientist in the very first innovation lab at SFS, outlines how she found her passion at an early stage, how she discovers the digital innovations that are shaping the future of our business, and why out-of-the-box solutions for digitization don’t work in the financial services industry. 
Data Center

Connecting the physical and digital world one investment at a time

As the data center industry’s growth trajectory continues, capital needs – which, prior to COVID-19, were rapidly increasing driven by the proliferation of the cloud migration – maintain their upward trend. Get more insights on how Siemens Financial Services deploys capital to support increased demand in the data center industry.

Further articles
are available here:

Current Studies and Whitepapers

Financing smart buildings: driving value in the "new normal"

Financing smart buildings: driving value in the "new normal"

The pandemic and its resulting economic pressures are driving the need to make buildings smart and more energy efficient. This insight series looks at how five sectors across the globe are coping with the 'new normal': offices, hospitals, manufacturing, public buildings and education.
Whitepaper Rising to the New Challenge

Rising to the new challenge – Food and Beverage: The role of smart financing in navigating to the economic 'new normal'

The urgent challenges of the Covid-19 pandemic have required Food and Beverage manufacturers to rapidly adapt to changed circumstances. This insight series examines the 'new normal' in the global Food and Beverage industry, in particular the role of smart financing and agile technologies for manufacturers.
Whitepaper: Smart start for smart Buildings

Industry 4.0: Rising to the challenge – Sustainable ways to invest in digital transformation

How can finance help manufacturers embrace Industry 4.0?
Research from Siemens Financial Services (SFS) has shown that digital transformation in manufacturing is no longer a question of “whether” to invest, but rather “when”. Investment requires funding, and few companies want to use up their own precious capital. Smart financing solutions have been designed to enable digital transformation, offering manufacturers a financially sustainable path to ensure business continuity during the current challenging environment.

Further whitepapers
are available here:

Management

Roland Chalons-Browne

Roland W. Chalons-Browne

CEO Siemens Financial Services GmbH

About Siemens Financial Services

Siemens Financial Services (SFS) – the financing arm of Siemens – provides business-to-business financial solutions. A unique combination of financial expertise, risk management and industry know-how enable SFS to create tailored innovative financial solutions. With these, SFS facilitates growth, creates value, enhances competitiveness and helps customers access new technologies. SFS supports investments with equipment financing and leasing, corporate lending, equity investments and project and structured financing. Trade and receivable financing solutions complete the SFS portfolio. With an international network, SFS is well adapted to country-specific legal requirements and able to provide financial solutions globally. Within Siemens, SFS is an expert adviser for financial risks. Siemens Financial Services has its global headquarters in Munich, Germany, and has almost 3,000 employees worldwide. www.siemens.com/finance.

Financing that makes a difference

A trusted partner by your side even in challenging times

A trusted partner by your side even in challenging times

At Siemens Financial Services, we are experts in helping companies transform the way they work. Adaptability is part of our operational mindset. It’s this spirit, coupled with our extensive technical know-how, that grounds our financing solutions in a real understanding of your sector challenges. In these dynamic times, our commitment to our customers remains just as before: strong and steady. We will continue to do our utmost to provide the same high level of service you’ve come to expect from Siemens Financial Services.

Responsive, tailored, flexible financing solutions

SFS business project laptop

Corporate lending

Siemens partners with mid-sized and large businesses, as well as multinationals and private equity sponsors in many markets, combining its unique industry expertise with financing solutions.

> Maximize liquidity and flexibility
Engineer hand using tablet, heavy automation robot arm machine in smart factory industrial with tablet real time monitoring system application

Equipment and technology finance

Our solutions combine equipment and technology with smart finance so that businesses of any size can tap into tomorrow’s equipment and technology to build a better future.

> Fueling growth and innovation
Project Finance (visual)

Project finance

Financial Services from Siemens combines in-depth industry know-how, financial expertise and extensive risk management experience to ensure benefits from investment for critical infrastructure projects.

> Unlocking the value of infrastructure investment
COF Vendor Finance

Vendor finance

Profit from our sales financing programs across the globe that enhance a vendor’s competitive edge.

> Trusted vendor finance programs to drive sales
Working Capital - Visual

Working capital finance

From revolving lines of credit and trade-finance facilities to extended payment terms and invoice financing solutions, working capital finance from Siemens is designed to provide flexibility and cost-effectiveness.

> Effective cash-flow and debt management

Combining industry expertise and financial know-how

Industry Finance (visual)

Industry Finance

SME or multi-national. Discrete or process industry. OEM, product manufacturer, distributor or systems integrator. Our financing solutions help manufacturers upgrade, digitalize and stay competitive - enabling them to meet the growing demand for customization, productivity and flexibility.

> Smart financing solutions

Infrastructure Finance

Improving energy ecosystems and building technologies are key to transforming cities and industries. Siemens combines technology and financing expertise to bring buildings and cities to life.

> Enabling smart infrastructure that matters

Energy Finance

Investments in the energy sector often require large amounts of capital to support new and expensive technologies. Customized financial solutions can prove to be a critical step in the path to commercializing efficient technologies for the energy market.

> Financing the energy system of tomorrow
Healthcare Finance (visual)

Healthcare Finance

Global pandemics, aging populations, changing lifestyles and demands for efficiencies are pushing healthcare providers to their limits. While digitalization will help them deal with the challenges and improve patient outcomes, it comes at a cost.

> Enabling accessible healthcare