Gestamp Wind starts the operation of a new wind farm in Maryland (USA) with 50 Megawatts
(Madrid, July 11, 2011) Gestamp Wind, the wind energy division of Gestamp Renewables ( Corporacion Gestamp) has started the commercial operation of the wind farm Roth Rock, in the Garret county, Maryland. (USA)
The wind farm is composed by 20 turbines with Nordex Technology of 2, 5 Mw each, summing up 50 Megawatts of nominal installed power. Out of the 50 MW production, 80% will be sold to Delmarva (Utility) through a 20 years power purchase Agreement. The 20% left will be sold through two contracts with dependent state entities concretely to the Maryland University and the State General Service Department.
The wind farm will overcome the 130 Gwh of annual production.
This new wind farm of Gestamp Wind supposes an investment of 130 Million USD. Javier Mateache, CEO of Gestamp Wind North America, stated that “This project is very important for the success in the achievement of the strategic goals defined in our company” and he also added “with the starting of the operation of this second wind farm in USA, Gestamp Wind consolidates its position as one of the leaders in the production of independent energy within the north American market” With this new wind farm Gestamp Wind has 110 MW operating in The United States.
To this, 1000 Megawatts which are still either in construction or in different development stages are sum up.
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 referral 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 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.