Gamesa to supply 144 MW of its turbines to Eolicas do Sul in Brazil

• The agreement contemplates the installation of 72 G97-2.0 MW wind turbines at the Chui complex being developed by Eolicas do Sul.
•  Since the beginning of its operations in Brazil, the company has signed firm orders for more than 1.400 MW.

Biscay, Spain, 5-5-2014 — /EuropaWire/ — Gamesa, a global technology leader in wind energy, continues to consolidate its presence in Brazil, where it is one of the leading wind turbine manufacturers, having just signed a new contract for the supply of 144 MW of its turbines to Eolicas do Sul, a subsidiary of the Río Bravo Investimentos y Eletrosul investment fund (in turn a subsidiary of Brazil’s national power company, Eletrobras). With this new agreement¹, since the beginning of its operations in Brazil, the company has signed firm orders for the supply of more than 1.400 MW of its turbines to projects being built in the country’s windiest regions.

Under the terms of the contract, Gamesa will supply, transport, install and commission 72 G97-2.0 MW turbines at six wind farms in the Chui complex being developed in the state of Rio Grande do Sul in southern Brazil. The company will also perform the required civil engineering work and provide the facility’s operation and maintenance (O&M) services for a period of 15 years.

The wind turbines, which will be made at Gamesa’s local Camaçari factory, are scheduled for delivery during the third quarter of 2014, while the facility is expected to be commissioned during the first quarter of 2015.

This is the second agreement between Gamesa and Eolicas do Sul, in the wake of the contract executed at the end of 2012 for the supply of 258 MW of turbines to 10 wind farms in Brazil.

“This new contract consolidates Gamesa as one of the leading turbine makers in Brazil, a position underpinned by the combination of our global technological prowess with local know-how, coupled with our commitment to community development, creating jobs and generating wealth through local supply chain development”, said Edgard Corrochano, South Cone Managing Director.

Since Gamesa started to manufacture in Camaçari two years ago, the company has demonstrated its strategic commitment to the Brazilian market, one of its priority markets in the short and medium term. Gamesa is also present in other Latin American nations, including Mexico, Honduras, Argentina and Costa Rica, where it has installed more than 1,900 MW of turbines. This region accounted for 49% of total 2013 revenue.

¹Contract signed as of March 2014