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ELECTRICITÉ DE FRANCE

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Tackling wind energy waste, Gamesa produces recyclable blades

09/07/2021 | 07:02am EDT
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 0.67% 12.81 Real-time Quote.-1.32%
RWE AG 1.07% 33.13 Delayed Quote.-5.18%
SIEMENS ENERGY AG 0.17% 24.1 Delayed Quote.-20.54%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -0.72% 21.92 Delayed Quote.-33.27%
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Financials
Sales 2021 73 501 M 85 607 M 85 607 M
Net income 2021 4 313 M 5 023 M 5 023 M
Net Debt 2021 50 981 M 59 378 M 59 378 M
P/E ratio 2021 9,72x
Yield 2021 4,22%
Capitalization 40 441 M 47 041 M 47 102 M
EV / Sales 2021 1,24x
EV / Sales 2022 1,18x
Nbr of Employees 161 203
Free-Float 14,9%
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Number of Analysts 17
Last Close Price 12,81 €
Average target price 14,95 €
Spread / Average Target 16,7%
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Managers and Directors
Jean-Bernard Lévy 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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