Gamesa Corporacion Tecnologica SA (GAM.MC) Thursday said it expects its wind turbine sales to rise through 2013 as the company continues a shift in manufacturing toward growth markets in Asia, the U.S. and South America.
Gamesa Corporacion Tecnologica SA (GAM.MC) Thursday said it expects its
wind turbine sales to rise through 2013 as the company continues a shift in
manufacturing toward growth markets in
Asia
, the
U.S.
and
South
America
.
Gamesa said it expects to sell turbines with a combined capacity to generate 4
gigawatts in power in 2013, up from expected sales of 2.4GW to 2.5GW this year.
In 2011, Gamesa expects turbine sales to go up to between 2.8GW and 3.1GW.
That is within the range of sale guidance given before, but with a lower
maximum figure. The company previously had said it expects 2011 sales of
between 2.7GW and 3.3GW.
Gamesa, contrary to analysts' expectations, gave no guidance for its net
profit,
Gamesa shares were suspended before the presentation of its 2011 to 2013
business plan, and fell after resuming trading, down 3.8% to EUR5.20 at 1336
GMT.
On the upside, Gamesa said turbine orders for delivery in 2011 through
September 2010 reached 719MW, up from 152MW a year earlier.
The company has earmarked to invest EUR250 million a year between 2011 and
2013. A fifth of that will be in the fledgling offshore sector.
Gamesa said it had opened a new offshore office in the
U.S.
in
September, and will open another in the
U.K.
in
June 2011.
The company also said it sees a dramatic slowdown in its effective blade
manufacturing capacity in
Spain
,
which so far had dominated production, and will plunge to 1GW in 2013 from
2.2GW last year.
In both the
U.S.
and
China
,
however, Gamesa expects its blade manufacturing capacity to double to more than
1GW in 2013 from about 500 megawatt last year.
The company also expects to build up a manufacturing capacity of more than
800MW in
India
by
2013, and of about 300MW in
South America
. In
both regions Gamesa had no output capacity last year.
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