Gestamp Wind wins two wind projects in Brazil

Date: 
20/Dec/2013
Category: 
Corporacion Gestamp, Gestamp Renewables, Gestamp Wind

Madrid, December the 20th, 2013. Gestamp Wind the wind energy division of Gestamp Renewables (Corporación Gestamp) has win two new energy sale contracts in Brazil during 20 years for several projects, which will generate 50MWs. With these two parks, Gestamp Wind will own 404MWs in Brazil.

These wind parks suppose an additional investment of 70€ millions in Brazil. During the 20 years duration of the energy sale agreements, the earnings forecast is 180€ millions.

Gestamp wind is building 128MW in 5 Brazilian wind farms located in Río Grande do Norte, that will start generating power in 2014. Other parks in Pernambuco, Río Grande do Norte and Bahía are already generating 112MW.

Eduardo García Molina, Gestamp Wind Brazil’s General Manager, stated that “with this new project, we consolidate our presence in Brazil as one of the most important markets for Gestamp Wind, that started the bid for Brazilian wind 5 years ago. With these projects, Gestamp Wind will be one of the most important wind energy generators in the country. Besides, Gestamp Wind has a project portfolio for over 500MW in several locations that will be shown to the Brazilian Government for their consideration”.

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 500 Mw in operation and an important pipeline of over 1,400 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 over 120 plants. Composed by a global workforce of over 33,000 employees, Corporación Gestamp had total revenues of over 9 billion in 2012.

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 and operation of wind, solar and biomass energy projects. Gestamp Renewables has developed over 1GW of energy in the past few years.


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