Gamesa sells 183MW of German pipeline

GERMANY: Gamesa has sold 183MW of its project pipeline in Germany to UK-based private equity fund Impax Asset Management.

Gamesa said it is developing the projects on a turnkey basis for Impax and will supply them with a mixture of 2MW and 4.5MW turbines.

Speaking about the deal, Gamesa Business CEO Xabier Etxeberria said: "This transaction represents a major step forward in our strategy for this business as outlined in our business plan, which will enable us to develop wind farms, safeguarding our role as a technology company, and capitalise on our know-how and project portfolio."

It follows a similar deal between the two companies for an 8MW project in France. The La Souterraine project is located in the Limousin region of France and uses Gamesa's G97 2MW turbines.

The deal was Impax's first acquisition from Gamesa. Last year, Impax  has bought a wind-power portfolio of around 100MW in France and Poland from Spanish renewable-energy company Eolia Renovables.

Impax bought Hamburg-based developer Epuron late last year. Epuron is constructing a 12MW project in Picardy and expects to start building another 100MW in France and Germany over the next six months.