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Gamesa Corporación Tecnológica

Gamesa Corporación Tecnologíca, S.A.
Type Sociedad Anónima
Traded as BMAD: GAM
Industry Renewable energy
Founded 1976
Headquarters Zamudio, Biscay, Spain
Key people Ignacio Martin (Chairman)
Products Wind turbines, construction and sale of wind farms, solar energy products
Revenue €2.736 billion (2010)[1]
Operating income €119.0 million (2010)[1]
Profit €50.2 million (2010)[1]
Total assets €4.939 billion (end 2010)[1]
Total equity €1.629 billion (end 2010)[1]
Employees 6,730 (average, 2010)[1]
Website www.gamesacorp.com

Gamesa Corporación Tecnológica (Spanish pronunciation: ), formerly Grupo Auxiliar Metalúrgico, is a Spanish manufacturing company principally involved in the fabrication of wind turbines and the construction of wind farms.

It was formerly headquartered in Vitoria-Gasteiz, Spain, but subsequently moved in 2010 to Zamudio, Biscay in northern Spain. Gamesa develops, manages and sells wind farms, for which it also supplies wind turbines. It is the market leader in Spain and the fourth largest wind turbine manufacturer in the world (2011). [2]

The company has installed more than 10,000 MW of production in four continents, saving the equivalent of 51.9 millions of tons of carbon dioxide annually. It presently has over 20,000 MW of production in development in Europe, America and Asia and it is also involved in the construction and development of photovoltaic power stations.

Contents

  • History 1
  • Recognition 2
  • Current projects 3
  • See also 4
  • References 5
  • External links 6

History

Gamesa began operations in 1976 focused at that time on developing new technologies and applying them to emerging activities. These included robotics, microelectronics, aeronautics and the development of composite materials. In 1994, Gamesa Eólica was created as a subsidiary specializing in the manufacture of wind turbines. The company became involved in the development, construction and operations of wind farms in 1995 and completed its first wind farm the following year.

The Corporation was officially listed on the stock exchange on 31 October 2000 and joined the selective IBEX 35 on 24 April 2001.

Since 2006, the company has focused on technologies associated with sustainable energy, principally wind power. It has divested of its interests in aeronautics, which were sold off to form a new company known as Aernnova,[3] and in services, which were sold off to form a new company known as Global Energy Services.

As part of the United Kingdom's move to expand its production of offshore wind energy production, Gamesa has committed to the expenditure of £133.7M on a production factory and other facilities in the UK, and will also move its offshore wind division headquarters to London.[4][5]

Recognition

Gamesa is listed on the Dow Jones Sustainability Index,[6] the FTSE4Good Indexx[7] which is concerned with corporate social responsibility on the KLD Global Climate 100 Index, and on the Global 100 Index of the 100 most sustainable companies in the world.[8]

Current projects

Gamesa is involved in the construction of the Allegheny Ridge Wind Farm and the Mt Stuart Wind Farm.

Gamesa wind turbine installed at Bald Mountain in Bear Creek Township, PA

See also

References

  1. ^ a b c d e f "Annual Report 2010". Gamesa. Retrieved 25 April 2011. 
  2. ^ IHS Emerging Energy Research. Gamesa back in wind top-five as GE drops out - analysts Global Wind Turbine Supply Market Share Evolution, 6 March 2012. Retrieved: 8 March 2012.
  3. ^ Aernnova homepage
  4. ^ Lawson, James. Can the UK Attract Offshore Wind Turbine Makers?, RenewableEnergyWorld.com website, May 27, 2011. Retrieved 6 June 2011.
  5. ^ Gamesa. Gamesa In The Offshore Market, Gamesa.com website 6 June 2011.
  6. ^ Dow Jones Sustainability Index
  7. ^ FTSE4Good
  8. ^ 100 most sustainable companies in the world

External links

  • Official website
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