The company was currently talking with other venture capital firms to pursue joint investment opportunities, allowing it to participate in bigger deals.

The decision to set up Spain-listed Gamesa’s corporate venturing unit was taken by the company’s president, Jorge Calvet, when he took over the reins of the company in 2009.

"This is a personal project of the president," said David Mesonero, director of business development at Gamesa, who is overseeing Gamesa Venture Capital. Mesonero said he had to inform Calvet regularly of what was going on at the division, or "he would end up informing himself".

Mesonero added: "This business will…