Gamesa Corporacion Tecnologica S.A. (GCTAF) - OTCPK - Current
  • Fri, Jun. 17, 4:21 AM
    | Fri, Jun. 17, 4:21 AM | 2 Comments
  • Thu, Jun. 16, 4:58 PM
    • Siemens (OTCPK:SIEGY) has agreed to pay ~$1B to Gamesa (OTCPK:GCTAF) in a deal to merge the companies' wind energy businesses, Bloomberg reports.
    • Gamesa will receive the cash as a special dividend from the new wind venture plus a 41% stake in the business, with Siemens holding 59%, according to the report, which adds details to speculation earlier this week.
    • The new venture could have a market cap of ~€10B ($11B), Bloomberg says.
    | Thu, Jun. 16, 4:58 PM
  • Fri, Mar. 4, 12:25 PM
    • A deal to merge the wind power assets of Siemens (OTCPK:SIEGY +2.2%) and Gamesa (OTCPK:GCTAF) has stalled because the Spanish wind turbine maker needs more time to renegotiate the future of an offshore wind joint venture with French nuclear engineering firm Areva (OTCPK:ARVCF), Dow Jones reports.
    • Siemens and Gamesa reportedly reached an agreement in principle weeks ago by which Siemens would transfer its wind activities to Gamesa in exchange for a 60% stake in a future combined entity, would create the world's largest wind turbine maker by capacity, with a ~€10B ($10.9B) market value.
    • But the deal has not yet been signed, reportedly because the ownership structure of Gamesa's 50-50 offshore JV with Areva must be rearranged in light of a management reshuffle at the Spanish company.
    | Fri, Mar. 4, 12:25 PM
  • Tue, Feb. 9, 11:49 AM
    • Siemens (OTCPK:SIEGY +0.2%) is close to a deal to combine its wind business with Gamesa (OTCPK:GCTAF +7.6%), which would create world's largest wind turbine maker, Bloomberg reports.
    • SIemens is the global leader in wind turbines designed for use offshore, while Gamesa specializes in onshore wind; together, the combined companies would have ~15% of the global wind market, exceeding Vestas Wind's (OTCPK:VWDRY) 10% share and GE’s 11%.
    • Siemens also is holding talks about buying Iberdrola’s (OTCPK:IBDRY -0.6%) 20% in Gamesa, according to the report.
    | Tue, Feb. 9, 11:49 AM | 1 Comment
  • Fri, Jan. 29, 11:11 AM
    • Siemens (OTCPK:SIEGY -0.2%) reportedly is in talks with Spanish turbine maker Gamesa (OTCPK:GCTAF) on a potential tie-up that could create the world’s largest wind turbine manufacturer by sales.
    • It is unclear whether talks would result in a takeover bid by Siemens or another form of cooperation.
    • Any deal would have to be agreed by Spanish utility Iberdrola (OTCPK:IBDRY), Gamesa’s largest shareholder with a 20% stake.
    | Fri, Jan. 29, 11:11 AM
  • Jul. 2, 2015, 11:40 AM
    • SunEdison (SUNE -1.5%) has announced an MOU with Spanish wind turbine maker Gamesa (OTCPK:GCTAF) to create a 50/50 JV to build up to 1GW of wind plants globally by 2018.
    • The deal calls for Gamesa to supply turbines and be responsible for plant operations & maintenance (O&M); the company might also provide engineering, procurement, and construction (EPC) services. SunEdison will buy the plants from the JV once they're finished, and also buy additional wind turbines from Gamesa.
    • The TerraForm Power (TERP -0.3%) YieldCo is expected to have call rights for wind plants developed by the JV. A "definitive agreement" for the JV is expected by year's end.
    • The MOU follows news SunEdison has obtained $360M in financing for, and begun construction on, a 185MW Maine wind project. TerraForm recently disclosed it's in talks to buy up to $2.6B worth of wind plants.
    • Shares are lower as solar stocks continue to remain under pressure - the group sold off yesterday amid a 3%+ drop in oil prices. SunEdison is still up 50% YTD.
    • Past wind deals: First Wind, Atlantic Power, Cental American/Indian firms
    | Jul. 2, 2015, 11:40 AM
  • Oct. 3, 2014, 4:21 AM
    | Oct. 3, 2014, 4:21 AM
  • May 2, 2014, 5:45 PM
    • Offshore wind power is set to grow six-fold by 2020, benefiting turbine makers including Vestas Wind Systems (VWDRY, VWSYF) and Gamesa Tecnologica (GCTAF), HSBC says.
    • Total global installed capacity of wind turbines at sea is forecast to rise to 43 gw by 2020 from 6.5 gw at the end of 2013, with the U.K., China and Germany the biggest offshore wind markets, according to HSBC.
    • The opportunity for manufacturers justifies a strategic long-term focus on the offshore segment, the firm advises; after 2015, “the rapid growth in offshore installations becomes a key to driving growth in wind technology."
    • ETF: FAN
    | May 2, 2014, 5:45 PM | 1 Comment
  • Mar. 9, 2012, 6:48 AM
    Spain's Gamesa (GCTAF.PK) strikes a deal to sell four wind parks in the U.S. to Canadian group Algonquin Power & Utility for close to $888M. The companies say they plan to pursue additional wind power development opportunities in the U.S. and Canada.
    | Mar. 9, 2012, 6:48 AM
  • Dec. 31, 2010, 10:49 AM

    French nuclear plants come to the rescue, delivering needed electricity as freezing weather causes Scotland's wind farms to seize up, producing just 2.5% of potential at a time of peak electricity demand. Scotland is officially opposed to nuclear power.

    | Dec. 31, 2010, 10:49 AM | 9 Comments
  • Dec. 20, 2010, 4:11 PM
    Both US political parties are committed to essentially free trade, while China uses trade policy as a weapon in becoming the stronger nation. China will eventually have enough dollars and Western technology to dominate world markets; the value of the yuan will be irrelevant. Gamesa (GCTAF.PK) is a cautionary tale.
    | Dec. 20, 2010, 4:11 PM | 1 Comment
  • Dec. 14, 2010, 5:56 PM

    Spanish wind-turbine maker Gamesa (GCTAF.PK), once the dominant player in China, provides a cautionary tale for outsiders. It now finds itself a smaller player in China, challenged on its European home turf by Chinese manufacturers, and maybe even the target of a takeover by a Chinese firm.

    | Dec. 14, 2010, 5:56 PM | 7 Comments
  • Dec. 3, 2010, 7:57 AM

    Struggling Spanish wind-turbine maker Gamesa (GCTAF.PK) could be the first target for Chinese manufacturers looking to gain entry into Europe. Gamesa has been the victim of slowing orders in Spain and eroding profit margins from Chinese competition.

    | Dec. 3, 2010, 7:57 AM | 4 Comments
Company Description
The company has production centres in the main wind markets: Spain and China, as the global production and supply hubs, while maintaining its local production capacity in India, US, and Brazil.
Sector: Technology
Industry: Electronic Equipment
Country: Spain