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Gamesa’s 2010 hit by financial crisis

Gamesa saw a 54% dip in net profits to €50 million in 2010 compared to 2009, as the financial crisis impacted demand.

By Renewable Energy Focus staff

The wind power company’s EBIT dropped by a third to €119m, and revenues fell 14% to €2764m.

However, international sales have now reached 93% of sales, compared to 73% in 2009.

In its business plan for the coming years, Gamesa aims to reduce the cost of energy by 20% by 2013 and 30% by 2015, and to achieve sales of 4 GW of wind turbines in 2013.

Sales by region:

  • US: 28%
  • China: 28%
  • India: 8%
  • Spain: 7%
  • Rest of Europe: 22%
  • ROW: 7%

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Policy, investment and markets  •  Wind power