Gestamp Wind has been awarded with two new wind farms in Brazil
(Madrid, August 26, 2011) Gestamp Wind, the wind energy division of Gestamp Renewables (Corporación Gestamp), has been awarded with two new wind energy sale contracts with a period of 20 years in Brazil. These wind farms sum up a total of 48 MW and with them, Gestamp Wind will now have 240 MM in Brazil.
With these two new wind farms, a total of over 70 million Euros of additional investment will be brought to Brazil, the forecasted revenues are of over 130 million Euros and an the estimated EBITDA is of over 100 million Euros for the 20 years period of the energy sale contracts.
Gestamp Wind currently has under construction 167 MW in 7 Brazilian wind farms located in Bahia and Rio Grande Do Norte, which are expected to be operating by the years 2012 and 2013. Gestamp Wind also has 25 MW located in Pernambuco, operating since 2010.
Dionisio Fernández Auray, CEO of Gestamp Wind has stated that “With these two new wind farms we consolidate Brazil as one of the most important markets for Gestamp Wind, which started four years ago in this Brazilian endeavor, and will make Gestamp Wind become one of the most important companies of wind energy in this country. Additionally, Gestamp Wind enable10 wind energy projects of 250 MW in the past auction, which represent the most advanced projects of the portfolio of over 1.000 MW located throughout Brazil. This enable projects and the ones in the project portfolio that continue advancing will be presented in the next auction that the Brazilian Government plans to convoke”
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 and an important pipeline of over 2,000 MW in the different markets 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 27,000 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.