Gamesa and SunEdison have signed a Memorandum of Understanding (MoU) to co-develop up to 1GW of wind energy projects by 2018.
The companies will own 50% of each of their projects – which are likely to be in India and Mexico.
SunEdison will buy the wind farms and finance them whilst Gamesa will supply the wind turbines and provide the engineering, procurement and construction (EPC) services.
Gamesa will operate and maintain the projects under long-term operations and maintenance (O&M) agreements.
SunEdison will purchase additional wind turbines from Gamesa based on the amount of MWs co-developed under the scope of the agreement.
Xabier Etxeberria, Gamesa’s Business CEO said: “The combination of both companies’ strengths would also unlock synergies and maximise project returns.”
Paul Gaynor, SunEdison Executive Vice President of the Americas and EMEA said: “By partnering with Gamesa we’re particularly well positioned to capture the opportunity in India and Mexico, two regions where we already have a strong solar presence”.