GESTAMP—US DoT Grants $29m to Gestamp Wind Farm
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April 5, 2012

The US Department of the Treasury has awarded $29m to Gestamp Wind for the commercial start-up of a wind farm Petersburg, in Nebraska.

The wind farm will have 27 1.5MW turbines supplied by GE Technology, totalling 40MW of nominal installed power.

Javier Mateache, CEO of Gestamp Wind North America, said, ‘Gestamp wind has received a total of $106m given as cash grants.

‘We have a total of 150MW operating in the US and 26MW under construction in Puerto Rico, all of them with long term PPA contracts. To date, the activities of Gestamp Wind in the United States consist of one third of our total global business.’