Wind Turbine R&D Funding for Gamesa
Gamesa raises €260-million in funding from European Investment Bank for its on & offshore wind turbine R&D+I investment programme. The EIB project will support Gamesa's R&D+I programme, which is devoted to the design and development of turbine platforms, both onshore and offshore. These emerging platforms are intended to offer greater capacity and constantly improving Cost of Energy (CoE). The funds will help finance Gamesa's R&D activities in the next three years (2013-2015). The loan is scheduled to be paid off in a single payment in six years' time (2018). This initiative will support the development of state-of-the-art renewable energy technologies and help bolster Gamesa products' innovative capabilities while enhancing their competitive edge.
Gamesa, Northrop Grumman Launch Offshore Wind Technology Center
Gamesa Technology Corp., a global wind energy company, and the shipbuilding operations of Northrop Grumman Corp., America's largest shipbuilder, launched the Offshore Wind Technology Center to jointly develop the next generation of offshore wind systems that will be deployed in the United States and around the world. Plans call for the development of North America's first offshore wind turbines by late next year. "Virginia is pleased to be the nexus where two industry leaders will join forces in the name of offshore wind innovation," said Virginia Governor Bob McDonnell. "The Commonwealth offers all the attributes needed to provide an optimal location for offshore wind energy production, and to become the East Coast epicenter for the offshore wind supply chain.
