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Spain's Gamesa in joint local venture in bid to win contracts in Australia
1 September 2002
Heading for direct confrontation on the Australian market with Danish wind giants NEG Micon and Vestas, Gamesa Energía of Spain is joining forces with local company Transfield Construction in a bid to win more turnkey contracts for wind developments in Australia. The two companies will form a joint venture, although financial details about the arrangement have yet to be revealed. As part of the deal Transfield will take on some of the construction roles, including tower manufacturing. Transfield says the arrangement with Gamesa puts the companies in "an extremely competitive position" in the Australian market. To date, NEG Micon and Vestas have won most of Australia's turnkey wind plant contracts. Gamesa also has a joint venture agreement with Unión Fenosa and Australian partner TME which could result in A$800 million in investment. Under the arrangement, 14 wind sites, amounting to a total 450 MW, are being pursued in four states; Victoria, New South Wales, Tasmania and the Australian Capital Territory.
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