Gestamp Renewables and RES Americas Announce Completion of Flat Water Wind Energy Plant

Renewable Energy Systems Americas Inc. (RES Americas), a national leader in the development and construction of renewable energy projects, and Flat Water Wind Farm, LLC which is a partnership between Gestamp Wind North America, a subsidiary of Gestamp Renewables and Banco Santander, S.A., are pleased to announce the completion of Flat Water Wind Power Project in southern Nebraska’s Richardson County and Kansas’ Nemaha County. Flat Water Wind Project is a 60 megawatt (MW) project consisting of 40 1.5 MW GE wind turbines. Substantial completion was reached on November 15, 2010, one month ahead of schedule.

The project owner and operator, Gestamp Wind North America selected RES Americas to be the BOP construction contractor. Gestamp Wind recognized RES Americas’ proposal to be the best value presented after a rigorous and competitive bidding process.

"We are delighted to be working with Gestamp Wind North America and look forward to a continued partnership in the future. Working together we have successfully completed a project that will bring clean, renewable energy to the Omaha Public Power District," said Susan Reilly, President and CEO for RES Americas. "Harvesting the wind has and will continue to be rewarding to the communities of Richardson and Nemaha Counties, bringing economic benefits and jobs, and contributing to a clean energy future."

Javier Mateache, President and CEO of Gestamp Wind North America, said, "The construction of this wind farm was a remarkable success. Teaming up with RES Americas in this endeavor surpassed our expectations. At the peak of construction the project employed up to 150 skilled American workers, who demonstrated the highest level of performance and execution. Gestamp Wind is very proud to be a part of the Nebraskan community for the next year and will continue to work to become a significant player in the US wind industry."

Renewable Energy Systems Americas Inc. (RES Americas), is a fully-integrated renewable energy company that develops, constructs, owns, and operates projects across North America. For more than a decade, RES Americas has been in the renewable energy industry. The company employs more than 250 full time professionals working throughout North America, has constructed or has under construction more than 5,200 MW, and is working on a development portfolio of approximately 10,000 MW. RES Americas’ corporate office is located in Broomfield, CO with regional offices located in Austin, TX; Portland, OR; Minneapolis, MN. Canadian projects are managed from Montreal, Quebec, by its affiliate, RES Canada. RES Americas is part of the RES Group, a leading international renewable energy developer.

Gestamp Wind is the wholly-owned renewable wind energy subsidiary of Gestamp Renewables, and is currently developing, building, and operating wind farms in the US, Europe, Brazil and Turkey.

Gestamp Renewables, a division of Gestamp Corporation, is an industrial group that operates and supplies components within the renewable energy sector.

Corporacion Gestamp is a Spanish industrial holding company whose core businesses are Renewable energy, steel service centers and automotive components. In 2010 fiscal year, Corporacion Gestamp achieved sales of $6.8 billion and employed more than 20,000 employees globally.