SkyBuilt Power Press Releases
Gamesa Launches a Technological Diversification
Strategy in New Renewables to Continue Its Growth Long Term
-
Through a venture capital fund, Gamesa will invest up
to 50 million euros over the next five years to buy stakes,
initially minority holdings, in companies engaged in the
development of the most promising technologies of the future
-
The programme's main tech investment targets include
wave and next generation photovoltaic energies, energy
storage, green mobility, energy efficiency and off-grid
systems
-
Its first investments: the acquisition of 28.7% of SkyBuilt
Power and the 25% of WorldWater & Solar
Technologies, which specialise in off-grid solutions
 Zamudio/Madrid, 20 May 2011—Gamesa is determined
to ensure its medium- and long-term growth and leadership in
the energy technology market both in the wind business (land-based
and offshore) and in the development of new renewable technologies
that offer high growth potential in the medium and long term.
To this end, the company has launched a technological diversification
strategy in new renewable energies which will enable it to
participate actively in alternative sources of growth, capture
innovation and complement and capitalise on potential synergies
with Gamesa's manufacturing activities.
To channel this new strategy, Gamesa will
establish a corporate venture capital (CVC) fund, through which
it will invest up to 50 million euros in the next five years
to buy stakes, initially minority holdings, in start-up or
growth companies engaged in the development of technologies
promising the highest potential for future growth.
In return, Gamesa will offer the companies
its market position, skill and experience in technology, manufacturing
and finance and its local supply chain to achieve greater market
competitiveness and, in consequence, higher financial and strategic
returns. In the medium and long term, Gamesa will consider
taking the companies over, either as new business lines or
as sources of value via spin-offs on capital markets.
Interest Focuses on Six Key Technologies
Gamesa is interested in six key technologies
around which it will base its research and investment decisions
in international markets: wave (converting tidal currents and
waves into energy); next generation photovoltaic energy (converting
the sun’s photonic energy into electricity); energy storage designed to guarantee high-quality supply; green mobility (electric vehicles); energy efficiency (maximising energy use while minimising consumption); and off-grid (small renewable generation units that are not connected to power grids, for use in remote locations).
The company in recent months made its first
purchases as part of its venture capital strategy, buying 28.7%
and 25%-percent stakes, respectively, in US-based companies
SkyBuilt Power and WorldWater & Solar Technologies, both of which specialise in off-grid solutions:
More than 15 years’ experience, Gamesa
is one of the global leaders in the design, manufacture and
installation of wind turbines, with close to 21,000 MW installed
in 30 countries on four continents and close to 14,000 MW
under maintenance.
The company is also a benchmark the development, construction
and sale of wind farms, with over 4,100 MW installed and
a portfolio of more than 22,600 MW of wind farms at varying
stages of development in Europe, America and Asia.
The company has 30 production facilities in Europe, the US,
China, India and Brazil, and more than 7,200 employees worldwide.
|
