Levallois-Perret Cedex, France [RenewableEnergyAccess.com] Alstom is entering wind power generation by signing an agreement to buy Spanish wind turbine company, Ecotecnia, for Euro 350 million (debt free/cash basis) [US$473 million].
Ecotecnia, headquartered in Barcelona, designs, assembles and installs onshore wind turbines spanning 640 kilowatt (kW) to 2 megawatt (MW). It is currently developing new wind turbines with a capacity of up to 3 MW.
The company has taken a significant part of the development of the Spanish wind energy market, which is ranked second in Europe, and currently generates about 50% of its sales from other European countries.
To date, Ecotecnia has installed or is installing more than 1500 wind turbines in 72 wind farms, corresponding to a total capacity of 1,433 MW (about 2 % of the worldwide installed base). Ecotecnia has also recently become active in the field of solar panels, particularly in the Spanish market.
Ecotecnia has five factories in Spain; In 2007, Ecotecnia should achieve sales between 300 and 350 million euros [US$405 million and US$473 million].