Gamesa Renews O&M Services Agreement

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Gamesa has renewed a contract which provides operations and maintenance (O&M) services to Societa Energie Rinnovabili, an Italian joint venture that includes Gamesa shareholder Iberdrola.

According to Gamesa, the O&M contract covers up to 244.65 MW on 231 Gamesa wind turbines located on 11 wind farms in Italy. The four-year contract includes a two-year option to extend the deal, Gamesa notes.

Due to its recurring revenue, high profitability and cashflow generation, Gamesa notes that the O&M arena represents a key area for the company's growth.Â

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