Gamesa adds 5.8% on bourse amid deal with Renovalia in Mexico

Aug 2, 2013 - Spanish wind turbines producer Gamesa (MCE:GAM) rose yesterday 5.82% to EUR 5.873 on the Spanish stock exchange following an announcement of a supply deal with Renovalia in Mexico.
Gamesa will supply 69 turbines for a total 138 MW to a wind farm to be developed by renewable energy firm Renovalia in Istmo de Tehuantepec, southern Mexico.
The Spanish wind turbines maker sold a total 950 MW in the first half of the year, down 17% on the year. The fall was mainly due to a reduction of Gamesa's business in the USA.
Latin America, however, raised its share in Gamesa's total sales to 48% from 40% in the six-month period. Thus, countries such as Mexico, Brazil, Chile and Uruguay have become the engines of Gamesa's activity.
The company has expanded by 253% on the bourse since the start of the year.
(EUR 1.0 = USD 1.321)

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