Spain’s Gamesa to cooperate with Longyuan Power
April 28, 2011 Category Alternative energy, Environment
Gamesa Corp Tecnologica will join hands with China Longyuan Power Group Corp to co-develop international wind projects, primarily in the United States, Europe and Latin America. Under the agreement ― the first ever signed by Chinese and Spanish companies in the industry ― Gamesa and Longyuan, the world’s third-largest wind power operator by market share, will research suitable sites for the joint development of wind farms, including some that Gamesa already has in its wind farm project portfolio and new ventures in strategic countries. The Spanish company has a wind farm portfolio totaling more than 22,600 megawatt (MW) at varying stages of development in Europe, the Americas, and Asia, giving its Chinese partner access to overseas markets that it otherwise might take longer to enter. “We will offer our knowhow for finding potential wind farm sites and project management of joint ventures in the world’s most promising wind markets,” Gamesa Chairman and CEO Jorge Calvet said. The company also signed an agreement with Longyuan to jointly develop 200 MW of wind farms in China by 2015. Meanwhile, Gamesa signed Memoranda of Understanding with three Chinese power companies ― Longyuan, China Resources Power Holdings Co and China Datang Corp Renewable Power Co ― which is likely to lead to supply contracts of 900 MW in wind turbine capacity in the coming months. “The percentage of wind power in the energy portfolio will be increased,” Calvet said, adding that Gamesa has heard more questions about the feasibility of wind farm development since the nuclear accident in Japan. Last month, the Spanish grid operator Red Electrica de Espana signed a general cooperative agreement with State Grid Corp of China, under which State Grid will work closely with the Spanish company in developing grid-access technologies for renewable energies.
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