Wind turbine maker Gamesa on Saturday said its net profit rose by 85 percent to 170 million euro in 2015 compared to 92 million euro in 2014.
"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," the company said in a press release.
Its revenues totalled 3.5 billion euro in 2015, 23 percent more than in 2014, as a result of expanding revenues in its two business areas: wind turbine generators (up 26 percent) and O&M (operation and maintenance) services (up 8 percent), the release said.
In a context of rising demand and supported by the group's sound commercial position, activity rose 21 percent to 3,180 MW, in line with the guidance for the year.
This year, the largest contributor to the growth has been the Indian market, which contributed 29 percent to WTG sales.
This was followed by Latin America (27 percent). Europe and the Rest of the World accounted for 18 percent, China for 13 percent and the US for 11 percent, it added.
Gamesa India Chairman and Managing Director Ramesh Kymal 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." Order intake amounted to 3,883 MW in 2015 (up 17percent), reflecting Gamesa's strong sales drive, and in line with the high end of the Business Plan target range for 2017.
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