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Corporacion Gestamp, Gestamp Renewables, Gestamp Biomass

Gestamp Biomass and Gestamp Biomass Solutions take part in the construction of two biomass plants in Portugal. After a long trip on special transport from Cádiz, the first boiler modules got to Viseu on February, 8th supplied by Gestamp Biomass Solutions.


The works are making good progress according to the planned timetable.


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CIT provides $36m financing for Gestamp Wind’s 26MW farm



CIT Group is to provide $36m financing in a senior secured credit facility to Punta Lima, owner of the 26MW Punta Lima Wind Farm, Puerto Rico. Financing of the deal was structures through a sale and leaseback of the facility between Punta Lima’s owner Sovereign Bank and Gestamp Wind. CIT’s Corporate Finance arm served as Sole Lead Arranger for the transaction, and financing was provided by CIT Bank. Terms of the transaction were not disclosed...