Net profit would have been €80m – up 82% year on year – if results from Adwen, Gamesa’s offshore joint venture with France’s Areva, were excluded.
Gamesa’s ongoing strength in emerging wind markets like Latin America and India gives it a strong hand as negotiations press on over a potential mega-merger with Germany’s Siemens.
The fate of Adwen is seen as a key sticking point in those negotiations.
