Gamesa obtains new contracts in China to supply wind turbines with combined capacity of 251 MW, Gamesa

Release Date: 2010-10-14

Beijing, 14 October 2010. Gamesa, a global leader in the manufacture and maintenance of wind turbines and a wind farm developer, has obtained new contracts in China to supply 197 turbines with combined capacity of 251 MW. Gamesa's wind turbine division signed the contracts with two of its largest customers in China, Guangdong Nuclear Wind Power and Datang Renewable Power, and a new customer, Henan Weite Wind Power (a mid-sized IPP, or independent power producer). The deals underscore Gamesa’s commercial strategy for expanding into new markets and customer segments.

Gamesa will supply Guangdong Nuclear Wind Power with a total of 48 units of its G90-2.0 MW turbine in 2010, representing combined capacity of 96 MW.

The agreement with Datang Renewable Power calls for Gamesa to supply 25 of its G90-2.0 MW turbines, with combined capacity of 50 MW, to the Chinese power company's wind farms in Liaoning Province.

Furthermore, Gamesa will supply Henan Weite Wind Power with a total of 124 units of its G58-850 kW turbine, representing combined capacity of 105 MW. The turbines are destined for a wind energy development known as Henan Weite Wind Power Project, funded by China Climate Change framework loan from the European Investment Bank, which will have annual capacity of 200 million kWh and will allow the Chinese company to meet the renewable energy generation targets stipulated in its five-year plan.

News of these latest contracts comes one month after Gamesa announced that it signed strategic agreements in China to develop wind farms and supply 1,315.3 MW of turbine capacity between 2010 and 2013. Those contracts were signed with Guangdong – in the provinces of Liaoning (576 MW) and Heilongjiang (450 MW) – and Datang, with which Gamesa will develop and build another 289.5 MW of wind capacity in Liaoning.

Gamesa forecasts growth in the world’s major wind power markets, including China, where the company expects sales to increase by an annual average of 20% in the period 2009-2013. Gamesa thus expects to double its sales in China in the period, with the country accounting for 30% of total sales in 2013 (up from 15% in 2009). Meanwhile, Gamesa plans to double its effective production capacity in China to more than 1,000 MW in 2013.

“The company’s goals include cementing its position as one of the top five players in the Chinese wind energy industry”, said Gamesa Chairman Jorge Calvet. “This requires keeping up with the pace of growth in the industry and with the needs of its customers, as a manufacturer of wind turbines, a provider of maintenance services and a wind farm developer (in conjunction with local partners) in regions of China with the greatest wind potential".

Type:	NORMAL
Company:	Gamesa
Country:	Spain