Gamesa says the focus of its strategy is ensuring that the company is profitable during a period where it expects to see a relatively low level of sales.

The Spanish group will reduce its fixed costs by €100m ($129m) by the end of 2013 compared to 2011’s level.

Gamesa expects turbine sales in 2013 to be 1.8-2GW, while producing an Ebit (before-interest-and-tax) margin of 3%-5%.