In the search for the new business opportunities and energy solutions that will contribute to sustainable growth in the medium and long term, Gamesa is developing and analysing new technologies and markets as a diversification strategy with the goal of identifying and investing in innovative companies.

Gamesa's aim of continuing to grow in the medium and long term requires that it deepen its diversification strategy into new technologies and markets by identifying and investing in new businesses in the areas of renewable energy, energy efficiency and others that offer synergy with Gamesa as a manufacturer of capital goods.

To this end, the company's technological diversification strategy in new renewable energies which will enable it to participate actively in alternative sources of growth, capture innovation and complement and capitalise on potential synergies with Gamesa's manufacturing activities.

To channel this new strategy, Gamesa has a corporate venture capital fund -Gamesa Venture Capital-, through which it plans to invest up to 50 million euros through 2016 to buy stakes, initially minority shareholdings, in start-ups and growth ventures engaged in the development of technologies with promising potential for future growth

In return, Gamesa will offer the companies its market position, skill and experience in technology, manufacturing and finance and its local supply chain to achieve greater market competitiveness and, in consequence, higher financial and strategic returns. In the medium and long term, Gamesa will consider taking the companies over, either as new business lines or as sources of value via spin-offs on capital markets.   

Interest focuses on six key technologies

Gamesa is interested in six key technologies around which it will base its research and investment decisions in international markets: wave (converting tidal currents and waves into energy); next generation photovoltaic energy (converting the sun's photonic energy into electricity); small wind (wind energy generated from small- and mid-sized turbines); green mobility (electric vehicles); energy efficiency (maximising energy use while minimising consumption); and off-grid (small renewable generation units that are not connected to power grids, for use in remote locations).

The company in the last year has made its first purchases as part of its venture capital strategy, buying 28.7% and 25%-percent stakes, respectively, in US-based companies SkyBuilt Power and WorldWater & Solar Technologies, both of which specialise in off-grid solutions. The third transaction is the adquisition of a 20% stake in N2S, specialised in energy efficiency:

• N2S specialises in electric vehicle and intelligent energy services management and currently has three tech solutions on the market: real-time energy management, electric vehicle charging and intelligent communication networks. 
• SkyBuilt Power: provides solutions in the renewable off-grid and fixed market. The company has developed products that mix photovoltaic and mini-wind technologies;
• WorldWater & Solar Technologies: markets solutions for the mobile off-grid renewable market. The company has developed systems for pumping and purifying water and capturing energy not used for other purposes.