Brazil - Gamesa new wind energy order for wind turbines

Brazil, a strategic country for Gamesa, where the company recently opened a subsidiary for the Mercosur region and where it plans to begin manufacturing activity in the next few months

Gamesa, one of the world's leading companies in the design, manufacture and maintenance of wind turbines, has signed a wind power contract with the corporation Inveravante to supply 42 MW of combined wind turbine capacity for the Dunas de Paracuru wind farm project in Brazil's Ceará state.

The deal calls for Gamesa to deliver 21 wind turbines, specifically its G87-2.0 MW model, in the second half of 2011.

The wind power contract, which bolsters Gamesa’s presence in one of the company's target markets for expansion, comes two months after Gamesa signed a deal to supply wind turbines totalling capacity of 258 MW to nine wind farms Iberdrola Renovables will build in Brazil.

For the latter wind energy project, Gamesa will deliver a total of 129 of its G8X wind turbines, each with capacity of 2 MW, over the next two years (2011-2012). This contract also calls for Gamesa to supply, transport and erect the wind turbines and perform start-up and maintenance work over a two-year period.

A strategic wind energy market, a manufacturing presence:
“Brazil has become one of the strategic markets upon which Gamesa will base part of its growth in coming years –explains Edgard Corrochano, Gamesa’s Mercosur Director-. We have just opened a subsidiary in Sao Paulo to serve the Mercosur region, within the framework of our strategy for expanding in emerging markets that offer promising growth potential. Gamesa also plans to begin manufacturing activity in Brazil in the next few months”.

As part of its 2011-2013 Business Plan, Gamesa aims to have manufacturing capacity of more than 300 MW in Brazil by 2013, while it expects sales to jump by 50% in Central America and South America between 2009 and 2013.

A growing presence in Latin America:
Gamesa enjoys a significant presence in Latin America, where it has installed more than 200 MW of wind energy in five countries and has obtained orders and/or agreements exceeding 370 MW in Honduras, Brazil and Costa Rica.

Furthermore, the company signed a long-term exclusivity agreement (10 years) to supply 100% of the turbines for wind farms which Cannon Power Group is set to develop in Mexico’s Baja California (combined installed capacity of 1,000 MW).

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