North American Windpower: Gamesa's Development Business Offsets Slowdown In Wind Turbine Division

by NAW Staff on Friday 09 November 2012

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.

Don't miss the latest wind energy news -- register to receive NAW's news headlines.

Latest Top Stories

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?

Wind Industry Still Awaits First Eagle-Take Permit Under BGEPA

The first wind developer to apply for a take permit under the Bald and Golden Eagle Protection Act has withdrawn its application.