Last €8.61 EUR
Change Today -0.066 / -0.76%
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gamesa corp tecnologica sa (GAM) Snapshot

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07/30/14 - €9.92
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gamesa corp tecnologica sa (GAM) Details

Gamesa Corporación Tecnológica, S.A. develops, constructs, and sells wind energy plants. The company operates in two segments, Wind Turbines, and Operations and Maintenance. It also develops, constructs and sells wind farms; and designs, manufactures, and sells wind turbines. The company manages wind turbines of approximately 29,000 MW; and wind farms with an installed capacity of 6,000 MW. In addition, the company manufactures blades, moulds, gear assemblies, and wind generator towers, as well as offers conception, manufacturing, assembly, logistics, installation, commissioning, and maintenance services. Further, it manufactures and sells photovoltaic power station inverters; designs, validates, manufactures, and supplies electrical system components for wind turbines; manufactures generators, converters, and control cabins; designs and installs classification motors in nuclear power plants, and alternators and motors for marine use; and offers power electronics products, electrical converters and variators, charging points for electric vehicles, and permanent magnets, as well as custom-built solutions for rotating electrical machines and power electronics. Additionally, the company is engaged in the manufacture and sale of electricity generators, electronic equipment, and electronic elements; iron smelting activities; and purchase and sale of raw materials, as well as offers engineering, reinsurance, administrative management, and logistics and transport services. It operates in Spain and rest of Europe; the United States; and China, India, Brazil, Mexico, and rest of world. The company was founded in 1976 and is headquartered in Zamudio, Spain.

6,089 Employees
Last Reported Date: 02/28/14
Founded in 1976

gamesa corp tecnologica sa (GAM) Top Compensated Officers

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gamesa corp tecnologica sa (GAM) Key Developments

Gamesa Corporacion Tecnologica Wins Contract from Orange to Supply G97-2.0 MW Class S Turbines

Gamesa Corporacion Tecnologica won a contract from Orange Renewable Solutions for the supply of 50MW of its G97-2.0 MW Class S turbines at Khanapur site, located in Maharashtra, India. As a result, the company is poised to supply, install and commission a total of 50 of its G97-2.0 MW Class S turbines at Khanapur wind farm. With a tower height of 104 meters, Gamesa has designed this variant -already certified by TUV NORD- specifically for the Indian market, with a view to maximizing turbine performance at low wind speed sites. The company will also provide the facility's operation and maintenance services under a long-term arrangement. The first phase of 50 MW of the project commissioning is scheduled to be completed by March of this year, while the second phase of 50 MW is expected to be commissioned by June.

Gamesa Names Jose Antonio Miranda as CEO of Latam and Alvaro Bilbao, CEO of China

Jose Antonio Miranda has been made Gamesa's top executive for the entire Latin American region, after 4 years leading Gamesa China. Miranda, who joined Gamesa in 2007 as Managing Director of the Electric Components Division, was appointed in 2011 CEO of China, a region that has become a key global production and supply hub of Gamesa. Meanwhile, Alvaro Bilbao will take over CEO of Gamesa China, where he will replace Jose Antonio Miranda.

Gamesa Corporación Tecnológica S.A. Enters into Two New Supply Contracts in China

Gamesa Corporación Tecnológica S.A. has signed two new contracts in China, one to supply 50MW to Hebei Construction & Investment Group, or HCIG, and another to supply 42MW to UPC Renewables China Ltd. The scope of the agreement with HCIG encompasses the supply, installation and commissioning of 25 of Gamesa's G97-2.0 MW turbines, at the Nandianziliang wind complex located in the province of Shanxi, in northern China. The turbines are slated for delivery in May 2015, while the facility is expected to be commissioned by the third quarter of this year. Elsewhere, the contract with UPC includes the supply, installation and commissioning of 21 G97-2.0 MW turbines at the Huangyan wind farm in the province of Zhejiang, in eastern China. These turbines are to be delivered in April of this year and the project is expected to be fully commissioned by the third quarter of 2015.


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