Spanish wind turbine manufacturer Gamesa plans to triple its investment in China through to 2012 in order to help it meet rising demand from the country’s wind energy industry.
Gamesa, which had invested a total of €42 million on facilities in China by last year, intends to invest a further €90 million between 2010 and 2012. The funds will be used to address local production needs, over the medium term, for the firm’s new G9X-2.0MW and G10X-4.5MW wind turbines as well as for its offshore turbine systems.
The move is key to Gamesa’s strategy to “cement its position as one of the top five players in the Chinese wind energy industry”, according to chairman Jorge Calvet. The firm estimates that China will account for more than 30% of its market, in terms of capacity, for 2011, and it expects to sell between 800MW and 1,000MW in China within two years.
Recently, Gamesa began the construction of its sixth manufacturing facility in China. The plant, based in Inner Mongolia, is designed for the assembly of nacelles for the G8X-2.0MW turbine and will have an annual production capacity of 500MW.
Also in September, Gamesa said it had won a contract to operate and maintain 21 wind farms located in France and Germany on behalf of fellow Spanish renewables firm Iberdrola Renovables. The deal follows the firm’s announcement earlier in the month that it had secured a contract to supply 258MW of wind turbines to Iberdrola Renovables for nine wind farms being developed in Brazil.
Meanwhile, Gamesa recently sold six German wind farms – with a combined capacity of 45MW – to IKEA Group.
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