Part of GAMESA’s good fortune appears to be the result of an expanded product line. The company introduced a new 2.5 megawatt turbine for low winds earlier in the year. The first turbine in a 3.3 megawatt family is to be launched at the European Wind Energy Association event in Paris in late November. The broader selection of size seems to have given GAMESA better reception in markets like Canada, South Africa and northern Europe, where onshore wind energy projects are underway.
GAMESA has a solid presence in the U.S. market with an installed base of 4,150 megawatts across the continent. Sales the U.S. accounted for 15% of total sales in the first half of the year. The company’s most recent sale in the U.S. was for a wind project in New York to will rely on thirty-seven of GAMESA’s 2.1 megawatt turbines to generate 78 megawatts of total power. GAMESA also has a joint development agreement with renewable energy giant SunEdison (SUNE: NYSE) to jointly develop wind projects totaling at least one gigawatt of power.