Siemens Gamesa Renewable Energy SA said its three-year strategic plan targets cost savings and a dividend policy between 2018 and 2020.
The Spanish company said its goal of €2 billion ($2.5 billion) in cost reductions include merger synergies of more than €400 million ($500 million).
Siemens Gamesa said it wants to grow faster than the market, both in terms of megawatts and sales "while maintaining a strict balance sheet control."