[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Gamesa selling wind farms for $900 million  

Credit:  By Crissa Shoemaker DeBree Staff writer, www.phillyburbs.com 11 March 2012 ~~

Gamesa, the Spanish wind energy company, has agreed to sell four U.S. wind farms to Canada’s Algonquin Power & Utilities Corp. for approximately $900 million.

The wind farms, equipped with 240 Gamesa turbines, are scheduled to be commissioned later this year and have a combined generating capacity of 480 megawatts. The farms being sold are in Sandy Ridge in Centre County and in Iowa, Texas and Illinois.

“This transaction combines three of Gamesa’s major goals: partnering up with new leading customers in the North American renewable energy sector; attracting investments from tier one financial institutions who value and underwrite in our technology and in the wind power market; and further achieving our economic goal of maximizing the value of our wind farm portfolio, in this case in the U.S.,” Gamesa chairman and CEO Jorge Calvet said in a statement.

Algonquin has partnered with JP Morgan and Morgan Stanley in the deal in which Gamesa remains a minority owner. Algonquin has also agreed to work with Gamesa on developing more wind farms in the United States and Canada.

Gamesa’s U.S. headquarters are in Middletown, and the company has manufacturing facilities in Falls Township and Ebensburg, Cambria County.

Source:  By Crissa Shoemaker DeBree Staff writer, www.phillyburbs.com 11 March 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.