Gestamp Wind has 60 MW of Wind Power operating in the U.S

Date: 
18/Jan/2011
Category: 
Corporacion Gestamp, Gestamp Renewables

Gestamp Wind concluded the launching of its first wind farm in Nebraska, USA, which has an installed capacity of 60 MW.

This last December Gestamp Wind a division of Corporacion Gestamp put into commercial operation after the proper testing and adjustment period a wind farm at Flat Water, Nebraska (U.S).

The park has installed a power capacity of 60 megawatts and consists of 40 General Electric turbines (GE 1.5xls). 1.5 MW of capacity per turbine. The park expects to surpass the 225 Grh annual power production which will be sold to Omaha Public Power District with a 20-year agreement signed by both parties.

Gestamp Wind manages the park and has increased its shares from 42% to 83%, after buying out Gallop’s participation in the project. Banco Santander maintains its initial 17% of the Joint Venture. The company ended the fiscal investment agreement with a U.S. Bank and has asked the U.S. Department of Treasury for a "Cash Grant” that would play a fundamental role in the financing of the project.

Javier Mateache, CEO of Gestamp Wind North America, said that "the implementation of this wind farm is a milestone in the consolidation of our company in North America" and later added that "This project completed its portfolio of countries with wind farms in operation and adds to the internationalization strategy of Gestarnp Wind."

About Wind Gestamp

Gestamp Wind, a subsidiary of Gestamp Renewables, started operations in 2008 and currently has a total of 300 MW in commercial operation. It specializes in the development, construction and operation of wind farms in Spain, Belgium, Brazil, U.S. and Turkey, with a planned expansion to Poland. Gestamp Wind is one of the leading companies in the wind energy sector sector by vertically integrating the development, construction and operation of wind farms.

About Corporacion Gestamp – Gestamp Renewables

Corporacion Gestamp, matrix of Gestamp Renewable is a multinational leader in Europe in the steel sector, automotive components and renewable energy.

It is currently present in 25 countries in Europe, America and Asia, with hundreds of industrial plants. With a global staff of more than 20,000 employees, Gestamp Corporation reached a turnover of 5,000 million Euros in 2010.

Gestamp Renewables (www.gestarnpren.com) a division of Corporación Gestamp, is an industry group dedicated to the operation and supply of components in the field of renewable energies with a single integrated business model. It also has presence across the value chain, since it works from manufacture and supply of components for the  construction, maintenance, operation and development of wind (Gestamp Wind), solar (Solar Gestamp) and biomass (Biomass Gestamp) energy projects. Gestamp Renewables will invest a total of 2,600 million Euros in the development of 1,850 MW of renewable energy until the year 2013, which 900 MW correspond to wind power, 700 MW to Solar Energy and 250 MW to biomass.

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