Gamesa Signs MOUs With Chinese Companies


Chinese wind farm developer Longyuan has chosen Gamesa as its partner to jointly develop wind projects in international markets outside of China. The agreement calls for the partners to research suitable sites for the joint development of wind farms in international markets, primarily in the U.S., and in European and Latin American countries.

Gamesa and Longyuan will research wind projects, including those Gamesa has already identified and included in its wind farm project portfolio, as well as new ventures in strategic countries. Gamesa currently has a wind farm portfolio totaling more than 22,600 MW at varying stages of development in Europe, the Americas and Asia.

Gamesa has also signed three memoranda of understanding (MOUs) with Longyuan, China Resources Power (CRP) and Datang, which may culminate in firm contracts in the coming months to supply a turbine capacity of 900 MW. Additionally, Gamesa has agreed to jointly develop 200 MW worth of wind farms with Longyuan by 2015.

In the event that these agreements are finalized, Gamesa would begin a business relationship with CRP, while building on its existing relationships with Longyuan and Datang.

SOURCE: Gamesa

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