Bloomberg News

Gamesa to Supply Turbines for Goldman Sachs’ ReNew Wind in India

August 23, 2012

Gamesa Corporacion Tecnologica SA (GAM) won a 74.65-megawatt wind turbine order in India from Goldman Sachs Group Inc.-backed ReNew Wind Power Pvt. Ltd.

Gamesa will supply and commission 50 megawatts of G97 2- megawatt models and 24.65 megawatts of G58 850-kilowatt machines for installation in Maharashtra, the Zamudio, Spain-based company said today in a statement without disclosing terms.

The order, Gamesa’s first with Gurgaon-based ReNew Wind, follows efforts by Spain’s biggest turbine-maker to boost sales to India, the world’s third-largest wind market. Gamesa expects to complete installation this year, according to the statement.

Goldman Sachs made an equity investment of about 10 billion rupees ($181 million) in ReNew Wind in September last year. ReNew Wind plans to operate 1,000 megawatts of wind by 2015.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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