Gamesa reaches agreement to sell two wind farms in Spain totaling 42 MW to Gas Natural; Alto do Seixal 30-MW farm operational, 12-MW Les Forques II scheduled to begin commercial operation in Q2 2012

BILBAO, Spain and MADRID , December 28, 2011 (press release) – The wind farms, outside Lugo and Tarragona, have combined installed capacity of 42 MW

Gamesa has reached an agrement with Gas Natural to sell two wind farms in Lugo and Tarragona, with combined capacity totalling 42 MW.

The Alto do Seixal (30 MW) wind farm near Lugo -which has been sold today- consists of six Gamesa G80-2.0 MW turbines and nine G87-2.0 MW turbines. The wind farm is in operation.

The Les Forques II (12 MW) wind farm outside Tarragona will be equipped with six G90-2.0 MW turbines and is scheduled to begin commercial operations in the second quarter of 2012. The sale of this asset is subject to approval by regulators.

Portfolio of more than 24,500 MW in Europe, America and Asia

The Wind Farm Development and Sale unit is a vital division for Gamesa as it provides the company with competitive advantages and complements its wind turbine manufacturing activity.

In 2011, Gamesa continued its capital expenditure in the development and sale of wind farms and continued to focus on monetisation, with sales agreements for 286 MW at the end of September with leading worldwide utilities in Poland, Mexico, Greece, Spain and Germany.

Gamesa had 628 MW in the final phases of construction and commissioning at the end of September 2011, and expects a significant increase in activity in the fourth quarter, in terms of sales agreements and completion of wind farm sales in Europe and the US.

Gamesa is a global benchmark in the development, construction and sale of wind farms. Gamesa has already installed near 4,300 MW and currently boasts a pipeline of 24,500 MW at varying stages of development in Europe, the Americas and Asia.
About Gamesa (www.gamesacorp.com)

More than 15 years' experience and over 23,000 MW installed in some 30 countries, strengthen Gamesa as a global technology leader in the wind turbine business. Its comprehensive response includes the design, construction and installation of wind turbines, as well as the operation & maintenance services' management on close to 15,000 MW.

Gamesa has some thirty factories in Europe, the US, China, India and Brazil and a global headcount of 8,000.

The company is also a global benchmark in the development, construction and sale of wind farms. Gamesa has already installed near 4,300 MW and currently boasts a pipeline of 24,500 MW at varying stages of development in Europe, the Americas and Asia.

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