Gestamp Wind to developed 114 MW in wind power projects in Brazil

ANEEL (National Electric Energy Agency) has awarded Gestamp Wind, wind power division of Gestamp Renewables (Corporacion Gestamp), five wind farm projects in Rio Grande do Norte, Brazil, with a total capacity of 114 MW, achieving 9.4 % of the total awarded power (1,211 MW).

Gestamp Wind will have a power sales agreement for 20 years. Its deadline has been set for January 2016. With this awarding, Gestamp Wind increases its international presence and reassures its commitment to wind development in overseas markets.

Dionisio Fernández Auray, Gestamp Wind’s CEO, said: “With this new awarded wind turbines contract we consolidate our presence in Brazil, which in 2012 will represent the third part of Gestamp Wind’s business”.

Gestamp Wind is the wind energy subsidiary of Gestamp Renewables, which specializes in the development, construction and operation of wind turbines projects in Europe, Brazil, USA, Turkey and South Africa. Gestamp Wind is one of the leading companies in the wind farm business, vertically integrating the development, construction and operation of wind farms. The company will have more than 500 MW in operation in 2012, and an advanced wind turbines projects’ portfolio of over 2,000 MW in those markets in which it operates.

Corporacion Gestamp, parent company of Gestamp Renewables, is a multinational leader in Europe in the steel sector, automotive components and renewable energy. It is currently present in 25 countries in Europe, America and Asia, with 118 industrial plants and a global workforce of 30,000 employees. Corporacion Gestamp will end 2011 with a turnover of 7,000 million Euros.

Gestamp Renewables, a division of Corporacion Gestamp, is an industrial operator and supplier of components in the field of renewable energies with a single integrated business model, with presence across the whole value chain, from manufacturing and components supply, promotion, construction, maintenance, operation and development of wind, solar and biomass energy projects.

Gestamp Renewables integrates three lines of activity in Corporacion Gestamp’s renewable energies: Gestamp Solar, Gestamp Wind and Gestamp Biomass. With a clear commitment to international growth, it is currently present in Europe, U.S., Latin America, Brazil, India, Turkey and South Africa.

www.gestampwind.com