Gamesa Q1 profit soars on new markets

By Renewable Energy Focus staff

Consolidated revenues reached €585m, up 24%. Gamesa says for the first time, all sales were from outside Spain with Europe (excluding Spain) accounted for 27%; India 24%, China 13%, US 8% and ROW 28%.

Gamesa now has a 10% market share in India after only 18 months’ presence. Significant progress has also been made in Latin America.