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’.
About Gamesa Electric
Gamesa Electric is a world leader in the design and manufacture of electrical equipment, with extensive experience in photovoltaic, hydroelectric, marine propulsion, wind energy and energy storage applications, among others. Gamesa Electric’s portfolio of solutions for solar generation is based on high-capacity central solar inverters such as the new Proteus PV of up to 4.7 MVA, and energy storage solutions for large generation plants. Its advanced technology, combined with extensive operational experience, provides its customers with robust, reliable, and high-performance solutions. Gamesa Electric is a company 100% owned by Siemens Gamesa Renewable Energy, a global leader in the wind energy sector with more than 140 GW installed worldwide and global team of more than 28.000 people. In December 2024 ABB announced the agreement with Siemens Energy to acquire Gamesa Electric’s inverter and converter business
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