Be bold, be brave


February 18, 2011

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It’s been a busy week for Spanish manufacturer Gamesa. They’ve been committing yet more capital and perhaps more importantly, man power, to the market.

As if the 600 MW deal with the Chinese developers wasn’t enough, they’ve confidently pushed ahead into the North American market, setting up the first offshore factory base on the other side of the Atlantic. Brave stuff. Particularly when you consider that the factory isn’t expected to earn its keep until 2015.

Compare this with the UK government’s review of the feed-in tariff’s that while encouraging on the one hand, are in danger of creating greater levels of uncertainty for private sector investment.

UK-based businesses should forget central government – for the time being at least. It’s only going to perpetuate the self doubt. Instead, they should look to Spain and take a leaf out of Gamesa’s book. Be bold, be brave.

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