"Balanced expert perspective available fromour huge archive dating back to 1985"
Spain's Gamesa clinches 363 MW in Italy with utilities ENEL and Electrabel
1 January 2003
Spain's Gamesa group has clinched deals totalling 363 MW with Italian utility ENEL and Belgium utility Electrabel for developments in Italy. ENEL Green Power has signed up for at least 181, 850 kW turbines from Gamesa's turbine manufacturing wing, Gamesa Eólica, with the option for a further 40 units, in a deal worth more than EUR 115 million. The turbines will go to developments in Sardinia, Sicily, Basilicata and Molise. Construction will be staggered, with the first few going up immediately, while the last is forecast for completion in 2004. Meanwhile, Gamesa has agreed to sell 175 MW of projects to Electrabel for around EUR 200 million. Development of them is in the hands of Gamesa Energía using Gamesa turbines, for completion in 2004-2006. The deal comes on the heels of a similar agreement with Electrabel for Portugal (Windpower Monthly, December 2002). Both deals mark a leap forward in Gamesa Eólica's internationalisation strategy. In October last year, ENEL lost out to Iberdrola in a bid to buy nearly 1000 MW of wind capacity by Gamesa Energía. Industry insiders now expect Gamesa to pledge sales to ENEL of future wind plant, possibly in Spain, as an unwritten condition of the recent turbine deal.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.