Gamesa enhances presence in Brazil with 42-MW turbine order

(ADPnews) - Nov 29, 2010 - Spanish wind energy company Gamesa (MCE:GAM) said on Monday it had received an order to deliver 42 MW of wind turbines for a project in eastern Brazil, boosting its presence in one of its target markets.

During the second half of 2011 the company will supply 21 turbines to the Dunas de Paracuru wind farm. The order follows a deal from September under which the company will deliver 258 MW of wind turbine generators in 2011 and 2012 for nine wind projects in Brazil, developed by Spanish renewable energy firm Iberdrola Renovables (MCE:IBR).

Gamesa has recently established a subsidiary in Sao Paulo to cater for customers in Argentina, Brazil, Paraguay and Uruguay, in line with its plan to expand into emerging markets with high growth potential. In the next few months, the company also intends to commence manufacturing activities in Brazil. As part of its 2011-2013 plan, by 2013 Gamesa targets to reach a manufacturing capacity of over 300 MW in Brazil. Sales in Central and South Amerca are expected to rise by a half from 2009 to 2013.

At present, the Spanish company has over 200 MW of installed wind power in five Latin America countries. It has also secured orders for over 370 MW in Honduras, Costa Rica and Brazil. In addition, under a long-term exclusivity deal, Gamesa will supply all of the turbines needed for wind farm projects developed by Cannon Power Group in Mexico's Baja California, which represents 1,000 MW of installed capacity.

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