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Corporacion Gestamp, Gestamp Renewables, Gestamp Wind

Madrid, April 6, 2018.- Elawan Energy has signed 102 megawatts (MW) energy power purchase agreement (PPA), arising from the round 4 of the South African Power Plan tender.

Copperton wind farm, promoted by Elawan Energy as majority partner it is along with its local associates, is located in Northern Cape province, South Africa, and will represent an investment of over 145 million euros, with an estimated annual production of 360 GWh/year. The 20 years durable energy sales contract forecasts an income of over 400 million euros.

Construction works for this new...

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Gestamp Wind in the Media

CIT provides $36m financing for Gestamp Wind’s 26MW farm



CIT Group is to provide $36m financing in a senior secured credit facility to Punta Lima, owner of the 26MW Punta Lima Wind Farm, Puerto Rico. Financing of the deal was structures through a sale and leaseback of the facility between Punta Lima’s owner Sovereign Bank and Gestamp Wind. CIT’s Corporate Finance arm served as Sole Lead Arranger for the transaction, and financing was provided by CIT Bank. Terms of the transaction were not disclosed...