Gamesa and the Arteche group have established an alliance to commercialize the electric products manufactured by their respective subsidiaries, Enertrón and Inelap, around the world. The agreement, which has involved the setting up of Qgrid Technologies, could in the future lead to the design and industrialization of electronic power systems that would be manufactured in a joint facility.

Gamesa will hold a 60% stake in the new company - which will have its headquarters in Zamudio in the province of Vizcaya - and Arteche will hold the remaining 40% stake through its American subsidiary, Arteche Power Quality. The customers Qgrid Technologies intends to focus on are electricity generation companies throughout the world and the company aims to cover the market for products aimed at managing grid codes.

The joint venture was incorporated with an initial share capital of € 20,000.