Gamesa signs memoranda with three Chinese power companies

Gamesa, a leading wind turbine maker from Spain, signed memoranda of understanding for 900MW wind turbines with three Chinese companies Wednesday in Beijing.
The MOUs with Longyuan, China Resources Power and Datang may culminate in firm contracts to supply 900MW in turbine capacity in the coming months, said Gamesa Chairman and CEO Jorge Calvet.
Additionally, Gamesa has agreed to jointly develop 200MW wind farms with Longyuan, the world's third largest wind farm developer, by 2015.
"In the event that these agreements are finalized, Gamesa will begin a business relationship with a new power company, China Resources Power, while building on its existing relationships with Longyuan and Datang," said Calvet.
Gamesa has already delivered turbines with more than 1,200 MW of installed capacity to Longyuan, and the companies have jointly developed wind farms with a combined capacity of 200MW.
Gamesa is currently developing wind farms with Datang with a capacity of 289 MW in Liaoning Province. Last year, Gamesa sold the company a total of 50MW of its G8X-2.0 MW turbines.
Since 2000, Gamesa has installed nearly 3,000 turbines at more than 60 sites across China. The company has four manufacturing plants in the northern Chinese city of Tianjin and is currently is building two factories in Jilin and Inner Mongolia, respectively.
As a wind farm developer, Gamesa's joint project portfolio in China now totals 2,900 MW, including the agreements reached on Wednesday.
In 2010, China accounted for 28 percent of the company's total sales, up from 15 percent in 2009.
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