Wind Turbine R&D Funding for Gamesa

Press Release
Friday, November 30, 2012

Gamesa raises €260-million in funding from European Investment Bank for its on & offshore wind turbine R&D+I investment programme.

The funding will be used:

  • To conduct innovation activities in the next three years (2013-2015)
  • Gamesa’s 2013-2015 Business Plan calls for the launch of two new wind turbine systems with capacity of 2.5 MW and 5.5 MW (the latter for use both onshore and offshore) to meet demand and continue to offer competitive tech solutions

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. This is the third R&D+I loan the EIB has signed with Gamesa in the last eight years.

"Innovation in the wind energy industry remains essential for the development of more competitive products and services tailored for an increasingly demanding market. This loan deal with the EIB, with its preferential terms, will enable us to undertake our ambitious product plan and meet our communities' present and future needs with cutting-edge technological developments," said Gamesa Chairman and Chief Executive Officer Ignacio Martín.
 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Karl Senner Inks Distribution Deal with Electronic Power Design

Karl Senner, LLC (KS) has reached a new strategic representation agreement with Electronic Power Design (EPD). Karl Senner, LLC now represents EPD in the United States marine and offshore Markets.

Offshore

Fourth Rig Delivered to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

Finance

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

WRRDA: Clearing the Channel for P3 Projects

A Creative Combination for Financing Inland Waterways Infrastructure Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular,

Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

Wind Power

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Andrews to Lead CWind’s O&M Division

Lee Andrews has been appointed as CWind’s new global head of operations for maintenance and asset management (O&M) services.   Andrews joins CWind from Siemens

Study: Offshore Ambient Vibration Monitoring

SUNY Maritime research team studies ambient vibration monitoring of offshore equipment Two State University of New York (SUNY) Maritime College professors have received a $65,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3145 sec (3 req/sec)