Mexican Wind Farm Contract Awarded To Gamesa
Gamesa Corporacion Tecnologica was recently awarded to build a wind farm in Central Mexico. The 130 megawatt turnkey contract will start its construction in the Mexican state of Zacatecas to supply Volkswagen's factories upon completion.
A company from Spain formerly known as Grupo Auxiliar Metalurgico, its expertise are building wind turbines and constructing wind farms. Now known as Gamesa, the company got a contract to build a 130-megawatt wind farm in La Bufa. After building the project under a turnkey arrangement, it will then be sold upon completion.
Gamesa's contract is to deliver 65 G114 2.0-megawatt wind turbines to a private equity firm known as First Reserve Corporation and Mexico Power Group. The wind farm construction will take place in Zacatecas, Central Mexico. The company will deliver the wind turbines and start the wind farm construction in 2016. The company will also maintain and operate services over the span of the project's operation. Upon the project's completion, the wind farm's generated electricity will supply Volkswagen's factories exclusively in nearby cities of Silao and Puebla.
According to a press release by Gamesa during the declaration and awarding of the contract, the company has installed 1,700 megawatts in Mexico as an original equipment manufacturer. As a wind farm developer, the company has installed another 700 megawatts with a sizable pipeline to boot. The statistics presented by the company placed them as the number one equipment manufacturer in the market. This led the company to announce that it will be building a wind tower factory in Tamaulipas. The project was a joint venture between Gamesa, the Daniel Alonso Group, and Windar Renovables.
Gamesa expects to finish with a strong financial position in 2015. The company has been already seen three strong quarters of financial returns and growth. Their financial earnings for the third quarter of 2015 alone has seen a growth of 30.4 percent compared to 26 percent in 2014. Also, the company has played well with regards to its business plans and has set them with an impressive start before 2016.
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