Gamesa signs new contract for the supply of 110 of its G114-2.0 MW turbines in Brazil

Gamesa, a global technology leader in wind energy, has signed its first contract¹ with CPFL Renováveis, a subsidiary of CPFL Energia, one of Brazil's leading electric utilities, for the supply of 110 of its G114-2.0 MW turbines (220 MW) at nine wind farms located in Rio Grande do Norte, in north-eastern Brazil. The turbines will be equipped with Gamesa's MaxPower technology, which increases the turbines' nominal capacity from 2.0 MW to 2.1 MW, thereby boosting the output of these 110 wind turbines from 220 MW to 231 MW.

Under the terms of the agreement, Gamesa will supply, transport, install and commission the turbines and it will operate and maintain the Campos dos Ventos I, Campos dos Ventos III, Campos dos Ventos V, Ventos de São Benedito, Ventos de Santo Dimas, Ventos de São Domingos, Ventos de São Martinho, Ventos de Santa Mônica and Ventos de Santa da Ursula wind farms for 15 years.

The G114-2.0 MW is a new turbine model designed to yield more power at lower cost at low and medium wind speed sites. This order is the largest placed to date for this model, whose pipeline now stands at over 800 MW. The turbines are slated for delivery over the course of 2016. The contract also represents the largest order received by Gamesa in Brazil's deregulated market (outside of the government-run energy auction regime).

"This important agreement with CPFL, one of the largest private players in the Brazilian power sector, further consolidates our already solid position in this market. This large order for our G114-2.0 MW, one of our most competitive models, was possible thanks to our technological leadership, our local know-how and our credibility with our customers", according to Edgard Corrochano, South Cone Managing Director.

Gamesa has become one of the leading OEMs in Brazil by market share and this new order reinforces its positioning. Since it opened up its manufacturing base in 2010, the company has installed over 700 MW and signed orders for more than 2,000 MW.

The company is also present in other Latin American countries, a region which accounted for 36% of first-half revenue and in which it has installed more than 2,500 MW between Mexico, Honduras, Uruguay, Argentina and Costa Rica, among other markets.

¹ Contract included in the additional orders amounting to 393 MW released in 1H 2014 results presentation.