Gamesa unveiled its Outlook 2015-2017, with the goal of locking in the profitable growth that commenced under the preceding plan, offer sustainable and rising dividends, 25% of annual net profit, and accelerate shareholder value creation.
The company projects double-digit annual growth in sales and activity during the plan, to attain 3,500-3,800 MW in 2017 and a doubling in size with respect to the beginning of the 2013-2015 Plan. Sales in 2015 will be close to 3,100 MW.
Under the plan unveiled today, based on its high degree of geographical diversification in the main wind markets, Gamesa will retain its leading position in India, Mexico and Brazil, as well as China, where it is the largest foreign manufacturer in terms of market share. It will also increase its presence in mature markets such as the US and Europe, and expand into Asia-Pacific and Africa.
The plan also prepares the company to expand after 2017 in both the onshore wind business and in offshore, through Adwen, and in complementary areas, such as solar and offgrid.
Adwen, the joint venture with Areva for the offshore business, is working on the development of 8 MW wind turbines to strengthen its position in the European market, in which it aspires to a 20% share by 2020.
Gamesa is exploring opportunities in sectors that offer a high level of synergy with the wind business, such as solar and offgrid, particularly in India.