Gestamp Renewables announces completion of projects and projects under development

Gestamp Wind has set into operation seven new wind farms, with a combined power of 152 MW. These wind farms are located in Belgium, Poland and Brazil, with Poland’s project the first one in the country.

Currently Gestamp Wind is also developing 216 MW of wind power in Turkey, Belgium and Brazil that will be in operation in the first nine months of 2016. These projects include the wind farm of Yahali, a 82.5 MW installation in Turkey, the wind farm of Beaumont, a 12 MW installation in Belgium, and five new wind farms in Brazil with 106 MW.

With this announcement, Gestamp Wind now has a total of 684 MW of wind farms in operation located across the United States, Turkey, Europe and South Africa. By September 2016, this total should increase to 900 MW when the new projects in Turkey, Belgium and Brazil come online.

The 7 new wind farms now set into operation required a total investment of US$190 million and will generate more than 640,000 MWh/year.

The wind farm built in the community of Feluy, in the region of Wallonie, Belgium, totals 14.25 MW of power and has 7 aero-generators of 2.05 MW of power each.

In the region of Swietokrzyskie, in Poland, 10 MW have been installed, made up of 5 aero-generators of 2 MW of power each.

In the regions of Serra Santana, Pelado and Lanchinha, located in the northeast of Brazil, in the state of Rio Grande do Norte, Gestamp Wind has installed and set into operation 128 MW, corresponding to 64 aero-generators of 2 MW of power each.

Dionisio Fernández Auray, Gestamp Wind’s CEO, stated:

“The Company continues with its expansion plan, which will allow us to end 2016 with 900 MW of wind power installed. The 152 MW that we are now setting into operation and the 216 MW that we will finish developing before September of this year will allow us to achieve an EBITDA of more than US$125 million in 2016”.