Spanish wind turbine manufacturer Gamesa Corporacion Tecnologica SA (GAM.MC) said Tuesday it will supply 200 megawatts worth of capacity to Chinese giant power company China Huadian Corp.

Gamesa will supply and install 100 wind turbines of 2 megawatts of generation capacity each for Huadian between 2011 and 2012, said the company in a note. The contract could be worth around EUR240 millions, said a person working in the wind industry.

Gamesa signed the agreement with its renewable energy subsidiary, Huadian New Energy Development Co.

The contract is in line with Gamesa's efforts to boost its business in emerging markets such as China , India and Brazil , given that wind energy development in Spain and Europe remains weak. In the first half of the year, China accounted for 20% of the company's total sales.

Gamesa is the second largest European wind turbine manufacturer by market value and one of the world's ten largest manufacturers by market share.

Huadian is one of the five major Chinese state-controlled power companies.
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