Gamesa to sell 183 MW in Germany

(SeeNews) – Dec 20, 2012 - Spanish wind turbines maker Gamesa (MCE:GAM) agreed to sell 183 MW from its project portfolio in Germany to UK-based infrastructure fund manager Impax Asset Management (LON:IPX).

The deal includes the projects ready for development between 2013 and 2015, Gamesa said today. The companies aim to close the negotiations over the next two months.

The Spanish company will develop the wind farms on a turnkey or engineering, procurement and construction (EPC) basis, including engineering and construction works, supplying and installing turbines and managing operation and maintenance services for a period of 15 years. The wind farms will be equipped with Gamesa 2.0 MW and 4.5 MW turbine platforms.

According to Gamesa, the deal is the first one within the company's new strategy for wind farm development and sale business. It aims to strengthen the company's role as a tech focused company with low capital needs and as unique partner for financial investors.

Gamesa has operated in Germany since 2003, developing and putting into operation more than 250 MW there. Its project pipeline, in turn, contains some 400 MW. The company has also installed 177 MW and performs operation and maintenance (O&M) services on some 100 MW of projects, Gamesa noted.

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