As part of the new agreement, which replaces a venture signed in 2008, Iberdrola will purchase from Gamesa a minimum of 50% of the turbine fleet the power company buys between 2013 and 2022, or up to 3,800 MW (whichever comes first)

o The companies will forge closer ties in maintenance services, with the goal of making Gamesa the lead supplier in this area: Iberdrola awards Gamesa a contract to maintain 1,748.3 MW in Spain and Portugal (G4X-650 kW and G5X-850 kW turbines), and extends by one year a maintenance deal on 2,312 MW of G8X-2.0 MW machines

o Both companies agree to work closely together on the development and eventual delivery of Gamesa offshore turbines to Iberdrola

Gamesa, a global technology leader in wind energy, and Iberdrola today signed a new framework agreement calling for the power company to purchase from Gamesa a minimum of 50% of the total turbine fleet it buys for its renewable energy business on Spanish and international markets between 2013 and 2022, or until the number of MW purchased totals 3,800 MW, whichever comes first.

The new agreement extends the companies’ joint efforts to other business areas which are strategic for Gamesa, including operation and maintenance services (O&M) and offshore wind energy.

The new agreement replaces a contract signed by both companies in June 2008. Nonetheless, the rights and obligations of that framework contract remain intact for next year in terms of planned capacity of 502 MW in 2012.


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