Gamesa agrees to sell two wind farms in Spain to gas natural

Bilbao / Madrid – Gamesa has reached an agrement with Gas Natural to sell two wind farms in Lugo and Tarragona, with combined capacity totalling 42 MW.

The Alto do Seixal (30 MW) wind farm near Lugo -which has been sold today- consists of six Gamesa G80-2.0 MW turbines and nine G87-2.0 MW turbines. The wind farm is in operation. The Les Forques II (12 MW) wind farm outside Tarragona will be equipped with six G90-2.0 MW turbines and is scheduled to begin commercial operations in the second quarter of 2012. The sale of this asset is subject to approval by regulators.

Portfolio of more than 24,500 MW in Europe, America and Asia

The Wind Farm Development and Sale unit is a vital division for Gamesa as it provides the company with competitive advantages and complements its wind turbine manufacturing activity. In 2011, Gamesa continued its capital expenditure in the development and sale of wind farms and continued to focus on monetisation, with sales agreements for 286 MW at the end of September with leading worldwide utilities in Poland, Mexico, Greece, Spain and Germany.

Gamesa had 628 MW in the final phases of construction and commissioning at the end of September 2011, and expects a significant increase in activity in the fourth quarter, in terms of sales agreements and completion of wind farm sales in Europe and the US. Gamesa is a global benchmark in the development, construction and sale of wind farms. Gamesa has already installed near 4,300 MW and currently boasts a pipeline of 24,500 MW at varying stages of development in Europe, the Americas and Asia.