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China

China

Gamesa plans extra €90m in Chinese investment

CHINA: Gamesa has announced plans to triple its investment in China and revamp its factories to accommodate new products, including the G10X-4.5MW and planned offshore turbines.

The added €90million investment will run through to 2012, bringing Gamesa’s total to €130million. The company said the decision was the result of rising demand in Asia.

Additionally, Gamesa announced it was building a sixth Chinese factory. The plant, which will make nacelles, will be located in Inner Mongolia and have a production capacity of 500MW.

Gamesa chairman Jorge Calvet said: ""One of Gamesa’s goals is to cement its position as one of the top five players in the Chinese wind energy industry."

"[Gamesa wants] to participate in the industry's growth and meet the needs of its customers as a manufacturer and operator of maintenance services and a developer of wind farms (along with local partners) in the regions with the greatest potential for the wind energy business."

The company said its forecasts indicated the Chinese market would account for over 30% of the MW sold in2011, a 100% rise on 2009. Subsequently, Gamesa is aiming to double its annual sales in China within the next two years to between 800MW and 1GW.

Earlier this year, Gamesa announced its fifth factory in China. The new factory will build Gamesa's G8X-2MW turbines and have a capacity of 500MW a year.

Gamesa's announcement follows a similar move by rival Suzlon, which announced it is planning to expand its Chinese operations.

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