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07/30/14 - $2.61
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gamesa corp tecn-unspon adr (GCTAY) 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 tecn-unspon adr (GCTAY) Top Compensated Officers

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gamesa corp tecn-unspon adr (GCTAY) Key Developments

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.

Gamesa and Iberdrola Release Remote Management System for Wind Farms

Gamesa corporation Tecnologica SA and Iberdrola SA have released WindCORE + WindOne, a new system which enables the remote management of wind turbine using a single interface. Leveraging both firms' know-how and experience in the wind sector, this new system, called WindCORE + WindOne, enables operators to control and monitor this class of renewable facilities from a distance, analyse their operating data and generate reports with a view to optimising their electricity output. This tool developed jointly by Gamesa and Iberdrola has become an indispensable tool for supervising, in real time and from a single control centre, the multiple variables which can affect a wind farm's operations, from wind speed at each turbine to their temperature, intensity and production. Analysis of these variables feeds the development of predictive models which in turn facilitate operations and maintenance work. In addition, the WindCORE + WindOne system is capable of operating, using a single interface, turbines made by any manufacturer, doing away with the need for a different software programme for each technology brand, as is the case with most of the systems being used at present.


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