Gamesa to supply up to 285 MW of its 5 MW turbines to TuuliWatti Ltd, Finnish energy company St1 Ltd and retail cooperative S-Group joint venture

• The agreement contemplates the potential supply of up to 57 turbines between 2015 and 2016 to various wind farms, as well as 10-year O&M service agreements.
• This is the second master agreement signed by the two companies in less than one year.

Zamudio, Spain, 8-11-2013 — /EuropaWire/ — Gamesa, a global technology leader in wind energy, this morning signed a framework agreement for the supply of up to 285 MW of its 5 MW turbines with TuuliWatti Ltd, the wind energy joint venture between Finnish energy company St1 Ltd and retail cooperative S-Group.

The agreement contemplates the potential supply – in 2015 and 2016 – of up to 57 5 MW turbines, from its G128 and G132 models, to several of the local wind farms planned for construction by the Finnish company. Gamesa will also provide the operations and maintenance (O&M) services for a period of 10 years. The 5 MW turbines, which are specifically designed to withstand low temperatures, will be the most powerful installed in the Finnish market.

This new framework agreement is the second signed by Gamesa with the Finnish company in less than one year, having reached a master agreement at the end of 2012 for the supply of 135 MW. Under this first agreement, Gamesa has already received firm orders for the supply of 18 MW of its 4.5 MW turbines to the Simo wind farm; 54 MW and 32 MW – also from the 4.5 MW platform – to the Pori and Tornio facilities, respectively, both of which are already under construction, for delivery in 2013 and 2014; and three 5 MW turbines to a wind farm in Salo, in southern Finland (2014).

“These agreements with Tuuliwatti endorse Gamesa’s leadership as technology provider and lend visibility to its strategic commitment to multi-megawatt wind turbines. The 5 MW platform, one of the most powerful in the onshore segment, evolves from the 4.5 MW platform and caters to the most complex wind farm developments in terms of competitiveness and cost of energy. Its innovative modular design and technology ensure reliability while complying with the most stringent international grid-connection codes and environmental standards”, said Ricardo Chocarro, Gamesa’s CEO for Europe and RoW.

Northern Europe

Further, this new agreement marks a new milestone in Gamesa’s strategy in the Scandinavian wind energy market, having established a firm foothold in Sweden and Finland. The growth prospects for the Finnish market for the years ahead are among the highest in Europe. In March 2011 Finland passed a feed-in tariff regime, designed to enable the country to reach its target of 2,500 MW of installed wind energy capacity by 2020. Installed capacity in Finland currently stands at 200 MW.

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