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Monday, May 2, 2011

Gamesa Signs MoUs for 900 MW of Turbine Capacity with 3 Chinese Companies

Gamesa, has achieved a major qualitative leap in its trade relations with China, after power company Longyuan -- the world´s No. 3 wind farm developer -- chose Gamesa as its partner to jointly develop wind projects in international markets outside of China.

Gamesa and Longyuan will research wind projects, both those Gamesa has already identified and included in its wind farm project portfolio, and new ventures in strategic countries. Gamesa currently has a wind farm portfolio totalling more than 22,600 MW at varying stages of development in Europe, the Americas and Asia.

"This agreement marks a before and after in our relationship with Longyuan and it represents a qualitative leap in our presence in the wind market, as we become partners in the international expansion of one of the world's top wind farm developers" said Gamesa Chairman and CEO Jorge Calvet. "Gamesa has carved out a market position as a leader in technology, and we will now offer our know-how for finding potential wind farm sites and for project management of joint ventures in the world's most promising wind markets," said Calvet.

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