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. Spanish wind energy firm Gamesa receives Chinese order

by Staff Writers
Madrid (AFP) Dec 23, 2008
Spanish wind turbine maker Gamesa said on Tuesday it had received an order for 347 units from China's renewable energy group Longyuan Electric Power.

The company did not reveal the cost of the turbines, which represent 294 megawatts of power.

They will be produced in Gamesa's factory in Tianjin, China and will be installed next year at various sites in the Asian country.

Gamesa had a global market share of over 15 percent of the wind turbine market last year, according to its web site.

The company has 32 production centers located in Spain, China and the United States with an international workforce of around 7,000 employees.

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With annual returns of 10 percent coupled with low risk, wind farm cooperatives are drawing growing numbers of investors in Britain -- good news for Europe's hopes to lead the world in renewable energy.

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