Gamesa Corporación Tecnológica

{{Infobox company | company_name = Gamesa Corporación Tecnologíca, S.A. | company_logo = | company_type = Sociedad Anónima | traded_as = | foundation = 1976 | location = Zamudio, Biscay, Spain | key_people = Jorge Calvet Spinatsch (Chairman and CEO) | industry = Renewable energy | products = Wind turbines, construction and sale of wind farms, solar energy products | revenue = €2.736 billion (2010) | operating_income = €119.0 million (2010) with a market share of 15.5 % in 2008. Due to the rapid expansion of Chinese manufacturers, Gamesa descended to sixth place with an estimated 6.7% of the marketplace in 2009.

The company has installed more than 10,000 MW of production in four continents, saving the equivalent of 51.9 millions of tons of carbon dioxide annually. It presently has over 20,000 MW of production in development in Europe, America and Asia and it is also involved in the construction and development of photovoltaic power stations.

History

Gamesa began operations in 1976 focused at that time on developing new technologies and applying them to emerging activities. These included robotics, microelectronics, aeronautics and the development of composite materials. In 1994, Gamesa Eólica was created as a subsidiary specializing in the manufacture of wind turbines. The company became involved in the development, construction and operations of wind farms in 1995 and completed its first wind farm the following year.

The Corporation was officially listed on the stock exchange on October 31, 2000 and joined the select IBEX 35 on April 24, 2001.

Since 2006, the company has focused on technologies associated with sustainable energy, principally wind power. It has divested of its interests in aeronautics, which were sold off to form a new company known as Aernnova, and in services, which were sold off to form a new company known as Global Energy Services.

As part of the United Kingdom's move to expand its production of offshore wind energy production, Gamesa has committed to the expenditure of £133.7M on a production factory and other facilities in the UK, and will also move its offshore wind division headquarters to London.

Recognition

Gamesa is listed on the Dow Jones Sustainability Index, the FTSE4Good Indexx which is concerned with corporate social responsibility on the KLD Global Climate 100 Index, and on the Global 100 Index of the 100 most sustainable companies in the world.

Current projects

Gamesa is involved in the construction of the Allegheny Ridge Wind Farm.

See also

Wind power

Wind power in Spain

Wind power in the United States

Wind power in the European Union

Wind power in China

Wind power in the United Kingdom

List of wind turbine manufacturers

REpower

Vestas

References

External links

Category:Manufacturing companies of Spain Category:Basque companies Category:Wind turbine manufacturers Category:Wind power in Spain