Last €7.92 EUR
Change Today -0.065 / -0.81%
Volume 364.9K
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As of 8:03 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

gamesa corp tecnologica sa (GAM) Snapshot

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gamesa corp tecnologica sa (GAM) Details

Gamesa Corporación Tecnológica, S.A. develops, constructs, and sells wind energy plants. The company operates in two segments, Wind Turbines, and Operations and Maintenance. It also develops, constructs and sells wind farms; and designs, manufactures, and sells wind turbines. The company manages wind turbines of approximately 29,000 MW; and wind farms with an installed capacity of 6,000 MW. In addition, the company manufactures blades, moulds, gear assemblies, and wind generator towers, as well as offers conception, manufacturing, assembly, logistics, installation, commissioning, and maintenance services. Further, it manufactures and sells photovoltaic power station inverters; designs, validates, manufactures, and supplies electrical system components for wind turbines; manufactures generators, converters, and control cabins; designs and installs classification motors in nuclear power plants, and alternators and motors for marine use; and offers power electronics products, electrical converters and variators, charging points for electric vehicles, and permanent magnets, as well as custom-built solutions for rotating electrical machines and power electronics. Additionally, the company is engaged in the manufacture and sale of electricity generators, electronic equipment, and electronic elements; iron smelting activities; and purchase and sale of raw materials, as well as offers engineering, reinsurance, administrative management, and logistics and transport services. It operates in Spain and rest of Europe; the United States; and China, India, Brazil, Mexico, and rest of world. The company was founded in 1976 and is headquartered in Zamudio, Spain.

6,089 Employees
Last Reported Date: 02/28/14
Founded in 1976

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gamesa corp tecnologica sa (GAM) Key Developments

Gamesa Secures EUR 750 Million Loan

Gamesa said it has received an EUR 750 million loan from a consortium of domestic and international lenders. The syndicated loan, extended by 15 financial institutions, structures Gamesa's two existing syndicated loans due in June 2016 and June 2018, respectively, into a single revolving credit facility. It has a single bullet repayment in December 2019.

Gamesa corporation Tecnologica SA Signs Agreement with Exus Management Partners to Build a 50MW Wind Farm in Northern Portugal

Gamesa corporation Tecnologica SA has signed an agreement with Exus Management Partners to build a 50MW wind farm in northern Portugal. Under the terms of the agreement, Gamesa will handle the transportation, installation and commissioning of eight of its G97-2.0 MW turbines and 17 of its G114-2.0 MW model at the Pisco wind farm being built in the Guarda region (in northern Portugal) and will also build the civil and electric infrastructure needed to install and operate the facility (other than the high-voltage grid connection line). The turbines are slated for delivery during the first half of 2015 and the project is expected to be fully commissioned by the beginning of 2016. Exus Management Partners is an international investment and asset management company focused on renewable energy sector, which has currently under management 252 MW of wind power generation in Spain and Portugal.

Gamesa Signs Two Supply Contracts with CGN Wind Energy and Everbright

Gamesa has signed two new supply contracts. The first is a new contract with CGN Wind Energy for the supply of 64MW; and the second is with Everbright for the supply of 48MW. The scope of the agreement with CGN encompasses the supply and installation of 32 of Gamesa's G97-2.0 MW turbines, specifically configured for high-altitude locations, at the Yangchajie wind complex located in the province of Yunnan, in southeast China. The turbines are slated for delivery in January 2015, while the facility is expected to be commissioned in March 2015. Elsewhere, the agreement with Everbright includes the supply and installation of 24 G97-2.0 MW turbines at the Zhaojiashan wind farm in the province of Shanxi, in western Peking. These turbines are to be delivered in March of next year and the project is expected to be fully commissioned by May. This is the second wind project being developed by Everbright, which also selected recently Gamesa to supply the wind turbines for its first wind farm (48 MW), also located in the province of Shanxi.


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