Bloomberg News

Gamesa Wins 100-Megawatt Wind Turbine Order in China Revival

May 14, 2014

Gamesa Corp Tecnologica SA (GAM) won an order for 100 megawatts of wind turbines from a unit of General Nuclear Power Group in China’s Yunnan province, its third order in two months in the world’s biggest market for the machines.

Gamesa is due to install 50 G97 2-megawatt machines at CGN Wind Energy’s Yangchajie wind farm in the fourth quarter, the company said today in an e-mailed statement. It may also supply 100 megawatts next year for the project’s second phase.

The deal adds impetus to a recovery for Gamesa in China, where it sold just 2 percent of its turbines last year, down from 10 percent in 2012. China installed about 16,100 megawatts of wind turbines in 2013, 45 percent of the world’s total, according to the Global Wind Energy Council trade group.

“The Chinese wind market offers spectacular growth prospects,” Jose Antonio Miranda, Gamesa’s chief in China, said in the statement.

China will probably exceed its targeted annual market of 15.5 gigawatts a year of wind installations through to 2020, according to Brussels-based GWEC.

Gamesa, based in Zamudio, Spain, on March 26 announced a 49.3 megawatt contract, also with CGN, and last week said it sold 48 megawatts of machines to Fujian Energy.

Gamesa ranked 16 in terms of Chinese market share in 2013, taking 1.6 percent of sales, according to the Chinese Wind Energy Association. The Spanish company was the second-biggest foreign manufacturer, after Vestas Wind Systems A/S of Denmark.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tony Barrett, Alex Devine


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