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Gamesa SA (BME:GAM) intends to build a 500-MW wind turbine tower factory in Mexico through a joint venture, against the backdrop of a newly-signed pact with the Mexican Electricity Board aimed at fostering local wind power generation.
The Spanish wind turbine maker said in a press statement it has entered into a memorandum of understanding (MoU) with the Mexican Electricity Board, or CFE, to explore ways to encourage technological, industrial and supply chain development in Mexico’s wind power sector. Thanks to the MoU, CFE may even take part in Gamesa-sponsored wind projects in other Latin American markets and the US, it added.
As per the tower factory, it will be built in Puerto Altamira, Tamaulipas state, by Windar Renovables, Gamesa’s JV with the Daniel Alonso Group. The plant will have the capacity to produce 250 towers per year for the Mexican, US and Central American markets.
Gamesa noted that construction work will start this month and is expected to be completed by the end of 2016.
Since 1999, when Gamesa entered the Mexican market, the company has installed more than 1,700 MW of turbines. It already has a local centre for training and research activities, which it now plans to step up.