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ELECTRICITÉ DE FRANCE

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Tackling wind energy waste, Gamesa produces recyclable blades

09/07/2021 | 07:02am EST
FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed in Zamudio, Spain

(Reuters) - Spanish turbine maker Siemens Gamesa said on Tuesday it has started producing recyclable offshore wind turbine blades for commercial use.

Wind turbine blades are generally large and non-recyclable and at the end of their service end up in huge landfills that have started attracting environmentalists' attention.

Rival Vestas in May unveiled technology enabling wind turbine blades to be fully recycled, but Siemens Gamesa claimed in its statement on Tuesday that it was the first company to produce recyclable blades.

Wind turbine blades are made with resins that tie together their different materials. Siemens Gamesa, which produces blades up to 125 metres long, uses a resin with a special chemical structure that allows it to separate the other materials, which can then be reused, it said.

The unit of Siemens Energy said it has already reached agreements to sell recyclable blades to three utilities Germany's RWE, France's EDF and Britain's Western Power Distribution.

(Reporting by Aida Pelaez-Fernandez, editing by Inti Landauro and Susan Fenton)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE 1.67% 8.272 Real-time Quote.-19.92%
RWE AG -1.45% 36.01 Delayed Quote.0.81%
SIEMENS ENERGY AG -14.07% 19.215 Delayed Quote.-14.75%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -14.04% 16.29 Delayed Quote.-22.69%
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Financials
Sales 2021 74 156 M 84 115 M 84 115 M
Net income 2021 4 364 M 4 950 M 4 950 M
Net Debt 2021 49 769 M 56 454 M 56 454 M
P/E ratio 2021 6,19x
Yield 2021 6,36%
Capitalization 26 783 M 30 377 M 30 380 M
EV / Sales 2021 1,03x
EV / Sales 2022 1,01x
Nbr of Employees 161 203
Free-Float 17,4%
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Number of Analysts 16
Last Close Price 8,27 €
Average target price 12,41 €
Spread / Average Target 50,0%
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Managers and Directors
Jean-Bernard Levy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Christophe Salomon Group Chief Information Officer
Laurence Parisot Independent Director
Claire Pédini Independent Director
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