Gamesa has approved a stock ownership plan for group employees worldwide, which will be offered the possibility of receiving one bonus share for every two shares that they acquire and hold for one year in the framework of the plan. Participants must remain in Gamesa’s employment for the entire period.
They have from 28 April to 16 May 2011 to sign on to the plan. To qualify for the incentive, employees must invest between 300 and 1,200 euro in company shares.
This initiative seeks to reward employees’ confidence in the company, incentivise share ownership, and align their interests with those of the shareholders.
The total number of bonus shares may not exceed 0.26% of the company’s capital at 23 March 2011. Subject to compliance with the legal requirements, the bonus shares that Gamesa delivers to its employees may be own shares acquired by the company or any other group company or they may be newly issued.
With more than 15 years’ experience, Gamesa is a world leader in the design, manufacture, installation and maintenance of wind turbines, with around 21,000 MW of wind power installed in 30 countries on four continents and over 13,600 MW under maintenance. The company has 30 production facilities in Europe, the US, China and India and over 7,200 employees worldwide.
Gamesa is also a world leader in the development, construction and sale of wind farm plants, having installed over 4,100 MW and having a portfolio of more than 22,600 MW in Europe, America and Asia.
The annual equivalent of the 21,000 MW installed amounts to more than 5 million tons of petroleum per year and prevents the emission into the atmosphere of about 31 million tonner of CO2 per year. In 2010, Gamesa’s consolidated revenues amounted to more than 2,764 million euro and the net profit was 50 million euro. International markets accounted for almost 93% of whole sales.
Gamesa is listed on the Ibex 35 and forms part of Dow Jones Sustainability, FTSE4Good and Ethibel sustainability indexes.
Integrated response presence in all phases of a wind farm
The presence of Gamesa in the wind sector is comprehensive, covering all stages of developing a wind project, through the following segments:
* Wind turbine design, manufacture and installation. Gamesa is increasing its global footprint by expanding into target markets, establishing production plants in areas of expansion, innovating manufacturing processes, and developing technology for new platforms, adapted to all wind regimes and markets.
Gamesa wants to play a significant role in the offshore wind power market. It is currently designing and developing two families of offshore wind turbines: G11X- 5.0 MW, and G14X with unit capacity of 6-7MW.
* In addition to its renewable energy manufacturing activities, since 1995 Gamesa has also developed wind farms, enabling it to leverage its expertise in the areas of development, construction and sales.
* Gamesa’s end-to-end offering in the wind turbine manufacturing business is evident in the comprehensive range of operation and maintenance services provided by over 2,000 highly-qualified professionals equipped to respond to the need for optimal availability and returns on the 13,600 MW under maintenance. Gamesa plans to expand its presence in this market, which adds value to the core business and provides recurring revenues, the goal being to double revenues and returns in the area within the next two years.