Gamesa unveils cost-cutting plan and new turbine platforms

Gamesa will reduce its workforce by 2,600 worldwide

Spanish wind turbine manufacturer Gamesa has unveiled a new 2013-15 plan based around lower costs, and the launch of new 2.5MW and 5.5MW platforms.

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%. By 2015, it expects this to have improved to sales of 2.2-2.4GW and an Ebit margin of 8%-10%.

The plan concentrates manufacturing in two key production and supply hubs:…

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