Wind energy major Gamesa has ended 2015 with €170 million net profit, which 85% more than in 2014 (€92 million). These figures exceed the company's guidance for 2015 and enable it to step up the targets in the Business Plan for 2017 and bring them forward to 2016.

Gamesa's revenues totalled €3.504 billion in 2015, 23% more than in 2014, as a result of expanding revenues in its two business areas: wind turbine generators (+26%) and O&M services (+8%).

In a context of rising demand and supported by the group's sound commercial position, activity rose 21% to 3,180 MWe, in line with the guidance for the year. This year, the largest contributor to this growth has been the Indian market, which contributed 29 per cent to WTG sales.

This was followed by Latin America (27%). Europe and the Rest of the World accounted for 18%, China for 13% and the US for 11%.

Ramesh Kymal, Chairman and Managing Director, Gamesa India, said, "We are happy to announce that we are the largest contributor to global sales. The favourable business environment, Government support through manufacturing and renewable energy policies have fuelled our growth in India. Renewable Energy sector has finally arrived in the country and we want to scale to new heights in this promising industry."

Order intake amounted to 3,883 MW in 2015 (+17%), reflecting Gamesa's strong sales drive, and in line with the high end of the Business Plan target range for 2017. The order book at year-end stood at 3,197 MW (+28%), enabling the company to begin 2016 with 71%  of its sales guidance for 2016 (3,800 MWe) already locked in.

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