Gamesa Corporación Tecnológica

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Gamesa Corporación Tecnologíca, S.A.
Type Public (BMADGAM)
Founded 1976
Headquarters Vitoria-Gasteiz, Spain
Key people Guillermo Ulacia (Chairman of the board and CEO)
Industry Renewable energy
Products Wind turbines, construction and sale of wind farms, solar energy products
Revenue €3.274 billion (2007)[1]
Operating income €250 million (2007)[1]
Profit €220 million (2007)[1]
Employees 6,500 (2007)[1]

Gamesa Corporación Tecnológica (formerly Grupo Auxiliar Metalurgico, BMADGAM), is a manufacturing company mainly concerned with the fabrication of wind turbines and the construction of wind farms.

Its headquarters are in Vitoria-Gasteiz, Spain. It develops, manages and sells wind farms, for which it also supplies the turbines. It is the market leader in Spain and is the second largest company in the sector worldwide[2] with a market share of 15.5 % in 2008.[3]

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.


[edit] 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 [4]; and Services which were sold off to form a new company known as Global energy Services.

[edit] Recognition

Gamesa is listed on the Dow Jones Sustainability Index [5], the FTSE4Good index [6] 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 [7].

[edit] Current projects

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

Gamesa wind turbine installed at Bald Mountain in Bear Creek Township, PA

[edit] See also

[edit] References

[edit] External links

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