Jorge Calvet, Chairman and CEO of Gamesa, signing the agreement with Mr. Xie Chang Jun, President of Longyuan Group - witnessed by Mr. Miguel Sebastian, Minister of Industry, Trade & Tourism and Mr. Gao Hu Cheng, Vice Minister of Ministry of Commerce at Spainish Embassy, today.
Jorge Calvet, Chairman and CEO of Gamesa, signing the agreement with Mr. Xie Chang Jun, President of Longyuan Group - witnessed by Mr. Miguel Sebastian, Minister of Industry, Trade & Tourism and Mr. Gao Hu Cheng, Vice Minister of Ministry of Commerce at Spainish Embassy, today.

By Renewable Energy Focus staff

Gamesa has reached three Memoranda of Understanding (MoU) with power companies Longyuan (the world´s third largest wind farm developer); China Resources Power (CRP); and Datang, for the supply of wind turbines - and additionally, Gamesa has agreed to jointly develop wind farms with Longyuan, including 200 MW in China by 2015.

Including the agreement, Gamesa reports that its joint project portfolio in China now totals 2,900 MW. And in 2010, China accounted for 28% of the company’s total sales, versus 15% in 2009.

“This agreement marks a before and after in our relationship with Longyuan and it represents a qualitative leap in our presence in the wind market, as we become partners in the international expansion of one of the world's top wind farm developers” said Gamesa Chairman and CEO Jorge Calvet.

According to Mr. Xie, President of China Longyuan Electric Power Group, “In Gamesa we have found the ideal partner for our growth strategy, thanks to its comprehensive understanding of the business as a technology company and wind farm developer and its experience in the development of wind farms in the world’s largest markets”.