in News Departments > Projects & Contracts
print the content item

Gamesa, a wind power company based in Spain, has sold wind power assets to Spanish utility Iberdrola in the U.S. for a maximum of 3.3 billion euros ($4.19 billion).

According to Gamesa, the deal includes 2,700 MW of wind power generators for about 2.3 billion euros and the sale to Iberdrola of as much as 1,000 MW of wind farm capacity in the U.S. for between 700 million and 1 billion euros.

The purchase of the wind farm assets also includes 500 MW of capacity that Gamesa will bring into production before the end of 2009, the company says. Of these, 300 MW are firmly committed, while the remainder will be subject to a preferential acquisition agreement right. The other 500 MW relate to purchases that Iberdrola may make as Gamesa brings capacity online.


Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934
Navigant_id1983