Gamesa, Iberdrola Sign Major Cooperation Agreement

Posted by NAW Staff on December 22, 2011 No Comments
Categories : FYI

Spanish wind companies Gamesa and Iberdrola have signed a new framework agreement under which Iberdrola will purchase from Gamesa a minimum of 50% of the total wind turbine fleet it buys for its renewable energy business between 2013 and 2022, or until it purchases a total of 3.8 GW – whichever comes first.

The companies say the agreement is an extension of the companies' joint efforts in operations and maintenance (O&M) services and offshore wind energy.

The new agreement replaces a contract signed by both companies in June 2008. However, the rights and obligations of that framework contract remain intact for next year in terms of planned capacity of 502 MW in 2012.

Under the new agreement, Iberdrola will award Gamesa a three-year contract to service 1.748.3 GW of its G4X-650 kW and G5X-850 kW turbine systems in Spain and Portugal. In addition, Iberdrola will extend by one year the companies' current contract for O&M services on 2.312 GW of its G8X-2.0 MW turbines installed at wind farms in Spain and Portugal.

The partners will also embark on new areas of research in the provision of O&M services, management of these services in the U.S., and other programs. In the offshore business, they will work closely together on new opportunities, including the development and eventual supply of Gamesa turbines to Iberdrola.

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