Gamesa sets record in wind turbine production
Spanish wind firm Gamesa has beaten its 2008 wind turbine manufacturing record by constructing over 1,880 turbines this year, with a total capacity of 3,880 MW compared to 2008's 3,787 MW. The record was set with turbines assembled in India, Europe, China and Brazil. The Spanish manufacturer has seen three consecutive quarters of growth, as well as increases in revenue and net profit. Gamesa shareholders have approved a merger with Siemens Wind Power, which, subject to regulatory approval, would see the company absorb assets in return for newly-issued shares in Gamesa.

Spanish wind energy giant Gamesa announced this week that it has beaten its previous wind turbine manufacturing record, set back in 2008, by building more than 1,880 wind turbines so far this year.

Gamesa reported on Tuesday that it had beaten its annual turbine manufacturing record, having already made more than 1,880 units with a total productive capacity of 3,880 megawatts (MW). The new record was a long time in the making, taking eight years to beat 2008’s 3,787 MW.

Further, the record was set with turbines assembled all over the world — India (36%), Europe (28%), China (26%) and Brazil (10%).

It’s been a strong year for the Spanish manufacturer, with three quarters of continued growth and increases on revenue and net profit. Gamesa ranked fourth in the leading wind turbine manufacturing vendors, according to an assessment done in August by Navigant Research, though given the company’s strong 2016, it will be interesting to see Navigant’s next Global Wind Turbine Leaderboard.

Gamesa was also offered the opportunity to merge with Siemens Wind Power, a move which was overwhelmingly approved by the company’s shareholders, with 99.75% in favor of the merger. If the merger is further approved by Spanish securities market regulators, “Gamesa will absorb Siemens’s wind power assets in exchange for newly-issued shares in Gamesa.”

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