PRESS RELEASE
Gamesa Electric closes 2024 with historic figures in the PV and storage inverter business unit, achieving 25% growth in order intake and 20% growth in revenue compared to 2023. This success confirms the strong growth that this business unit has experienced, tripling its sales in the last 3 years.
It is worth noting that ABB recently announced the purchase of Gamesa Electric’s power electronics business in wind, photovoltaic and storage inverters, a strategic move that reinforces the projection of these solutions in the global market. “The success of 2024 reflects the strength of our technology offering and our customers‘ confidence in market-leading solutions,” said Juan Barandiaran, CEO of Gamesa Electric. “The ABB integration agreement is a pivotal factor in driving the growth of our power electronics business. It significantly enhances our capacity to innovate and compete in the renewable energy market. We are well-prepared to face future challenges with a more robust and distinctive proposition.”
The flagship product in 2024 was the Gamesa Electric Proteus family of inverters, both in its versions for solar applications and the new Proteus PCS-E for storage, accounting for almost 80% of the company’s non-wind orders.
The United States has established itself as the largest market for Gamesa Electric Proteus inverters, accounting for 68% of all megawatts contracted in 2024. In addition, 2024 was an outstanding year for expansion into other international markets, with projects contracted in 9 countries. According to Jose Luis Gutiérrez, Gamesa Electric’s Global Sales Director, ‘Among the most relevant commercial milestones, I would like to highlight the signing of agreements with major customers such as Repsol for projects in Spain and framework with Fortescue in Australia’.
The first large scale solar battery hybrid project to join Australia's main grid has been…
Near-record demand creates important window into how much renewable capacity is available across the system…
France is building one of its biggest batteries on its territory in New Caledonia, where…
Australian offshore wind start-up that blazed a trail for the nascent technology will wind up…
One of Australia's biggest proposed pumped hydro projects has been given a federal green tick…
The world's biggest isolated grid, in Western Australia, is currently the most gas dependent in…