31. July 2009

Wind Energy Companies report Q2 Figures

Gamesa sold 824 MW of turbines in Q2 and reported a healthy 8% EBIT margin on solid cost management. The company confirmed its profit outlook for the year and expects the EBIT margin to expand to 11% by 2011. Gamesa received a 300 MW order from China, indicating that the company is establishing a foothold in a market so far dominated by local suppliers. Orders also continued to tick in at Vestas and the company is getting closer to meeting its 2009 guidance. Amongst other, Vestas got a 165 MW order for a Belgian off-shore project, which may be extended to 330 MW. EDP Renovaveis reported a rise in net profit by 32% for H1. The company added 1’455 MW during the last 12 months and now has 5’300 MW in operation making it the fourth largest wind operator in the world. Canadian utility TransAlta bid a 25% premium to take over wind developer Canadian Hydro.