Gamesa Raises $304 Million to Expand Emerging-Market Wind Energy

Sept. 9 (Bloomberg) — Gamesa Corp. Tecnologica SA, Spain’s
biggest wind turbine maker, raised 236 million euros ($304
million) by selling shares to exploit onshore wind in emerging
markets.

Gamesa issued about 25 million new shares, adding some of
the “largest global investor groups” to its shareholder base,
the Zamudio-based company said today in a statement on its
website. The shares were priced at 9.30 euros apiece, a 4.7
percent discount to yesterday’s close of 9.76 euros.

The proceeds will help the company tap growth opportunities
in onshore wind, especially in emerging markets, as well as
entering offshore wind through its joint venture with Areva SA,
it said in the statement.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Alex Devine, Dylan Griffiths

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