Awarded 75 Wind Megawatts to Gestamp Wind in Southafrica
AWARDED 75 WIND MEGAWATTS TO GESTAMP WIND IN SOUTHAFRICA
(Madrid, December 16th 2011). The 75MW Nobelsfontaine Wind Farm in Southafrica, promoted by Gestamp Wind, wind energy division of Gestamp Renewables (Corporación Gestamp), has been selected as “preferred bidder" and will have a power sales agreement for 20 years, with revenue of over 480 million Euros.
This farm, which Gestamp Wind promotes as major shareholder with its local partners, is located in Northern Cape region, and it will require an investment of over 120 million Euros. It will start operating in 2013.
With this awarding Gestamp Wind reassures its commitment to wind development in international markets allowing more power for this technology. Over 70% of the 70 million Euros budget of 2012 will come from overseas markets. This percent will be, in 2013, above 90%.
Dionisio Fernández Auray, Gestamp Wind CEO, said: “With this new awarding we reassured our internationalization project”. In addition, Gestamp Wind intends to submit to the next auctions that the Southafrican Government plans to hold in 2012.
About Gestamp Wind
Gestamp Wind is the wind energy subsidiary of Gestamp Renewables, which specializes in the development, construction and operation of wind projects in Europe, Brazil, USA, Turkey and South Africa.
Gestamp Wind is one of the leading companies in the wind business, vertically integrating the development, construction and operation of wind farms. The company has already 460 MW operating and an advanced projects’ portfolio of over 2,000 MW in those markets in which it operates.
About Gestamp Renewables-Corporación Gestamp
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 (www.gestampren.com), 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.