Gamesa has reported consolidated sales of 2.294 billion euros for the period from January through September.
Gamesa says the gains in its wind farm development business offset the slowdown in its wind turbine division but that a lower volume of activity, price pressure and regulatory uncertainty in key markets affected the results.
The company sold 1.627 GW during the period, with markets in Latin America and the U.S. making up 30% and 24% of total sales, respectively. The sales in these two markets offset declines in the Chinese and European markets, Gamesa says, adding that India was its third-highest region for sales, accounting for 13% of the total.
In the first nine months of the year, Gamesa recorded 554 MW in sales agreements for wind farm development, and 254 MW was delivered during this period. The company expects to deliver an additional 600 MW in the fourth quarter.
Sales in Gamesa’s operations and maintenance (O&M) services division increased by 4% in the first nine months to 227 million euros, and the company currently has a total of 18.368 GW under O&M contracts.
Gamesa says it plans to adapt its manufacturing structure to increase its industrial presence in India and develop an offshore wind turbine prototype.