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Caspian Energy Journal Caspian European Club
Sunday, 05 July 2015 14:00

Solar energy giants to cooperate on wind energy tech

Gamesa, a global technology leader in wind energy, and SunEdison, the world's largest renewable energy development company, have signed a Memorandum of Understanding (MoU) on Thursday, Caspian Energy News (www.caspianenergy.net) reports with reference to the Anadolu Agency.

The MoU consists of co-developing up to a capacity of 1 gigawatt of wind energy projects by 2018 through a joint venture in which each company will have a 50 percent share. The wind projects will mainly focus in India and Mexico.

SunEdison will commit to the purchase of additional wind turbines from Gamesa for its facilities based on the amount of megawatts co-developed under the scope of the agreement.

The definitive agreements concerning the creation of the joint venture, including the initial selection of projects for co-development, are expected to be signed by the end of 2015. Gamesa is a Spanish wind energy manufacturer and renewables giant SunEdison is headquartered in Belmont, California.

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