Gamesa to Sell Iberdrola 4,300 Megawatts of Wind Turbines
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Gamesa Corporacion Tecnologica SA, Europe’s second-largest wind-turbine maker, will sell as much as 4,300 megawatts of the machines to Iberdrola SA, the biggest producer of renewable energy and its main shareholder.
Iberdrola will buy 502 megawatts of Gamesa onshore wind turbines next year, plus half the systems it needs in the decade following, or until further purchases reach 3,800 megawatts, the Bilbao, Spain-based power producer said in a filing yesterday. It will also work with Gamesa to develop offshore equipment.