Brazilian Government Authorizes Gestamp Wind to Bid for 260 MW in the Next Auction

Date: 
04/Aug/2011
Category: 
Gestamp Wind, Corporacion Gestamp

(Madrid, August 4, 2011) Gestamp Wind, wind energy division of Gestamp Renewables (Corporación Gestamp), has been given permission by the government energy agency to bid for 260 MW in the auction happening August 17, in Brazil.

Gestamp Wind, to date has nine wind farms (190 MW) in the north east of the country. Two of this wind farms are operating and the rest are under construction; with a total investment of 338 millions of Euros. Gestamp Wind has registered eleven new projects for the next Aneel auction, expected to be held August 17.

If the wind farms are awarded to Gestamp Wind, the projects will bring more than 450 millions of Euros to Brazil, in addition to 260 MW to the Brazilian electrical system. Gestamp Wind has already become one of the most important companies of wind energy generators in Brazil and has planned to keep on continuing with the development of new long term projects in the country.

 Brazil is one of the strategic markets for Gestamp Wind, where Corporacion Gestamp has made important industrial investments for over a decade ago. Investments which currently have being reinforced with the start up of the factory of steel towers and other components of the same material for wind turbines, located in the Suape port.

Gestamp Wind currently has 25 MW operating and has additionally 167 MW under construction in Bahía and Rio Grande do Norte, which will start operating between next December and the first three months of the year 2012.

 Dionisio Fernández Auray, CEO of Gestamp Wind has stated that “Our goals in Brazil include the development and operation of over 400 MW additional to the 192 MW that we currently have operating and under construction. To achieve this we will participate in the next auction happening in august 17, the Brazilian government recently gave us permission to bid for 260 MW”

 About Gestamp Wind

Gestamp Wind is the wind energy division of Gestamp Renewables, specialized in the development, construction and operation of wind farms with projects in Europe, Brazil, EEUU, Turkey and South Africa. Gestamp Wind is one of the leading companies in the wind energy business. Gestamp Wind integrates vertically, the development, construction and operation of wind farms. The company has over 460 Mw in operation, 90 in construction and an important pipeline in the different locations where the company is currently active.

About Gestamp Renewables-Corporación Gestamp

 Corporación Gestamp,the parent company of Gestamp Renewables, is a multinational leader in Europe in the steel, automotive components and renewable energy sectors.

It is currently present in over 25 countries throughout Europe, the Americas and Asia, with nearly a hundred industrial plants. Composed by a global workforce of over 21,000 employees, Corporación Gestamp had total revenues of over €5.5 billion in 2010.

 Gestamp Renewables (www.gestampren.com), a division of Corporación Gestamp, is an industrial group that operates and supplies components within the renewable energy sector.

Since 2005, Gestamp Renewables has aspired to position itself as an international leader within the renewable energy sector, using a unique and integrated business model encompassing the entire value chain – from the manufacture and supply of components, to the development, construction, maintenance, operation and development of wind, solar and biomass energy projects. Gestamp Renewables integrates the three lines of renewable energy activities of Corporación Gestamp: Solar, Wind and Biomass energy. In 2010, the revenues were of over 154 million Euros, with an Ebitda of 33 million Euros. With a clear international vocation, currently it is present in Europe, USA, India and Turkey.

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