Goldwind USA Begins New Year with Momentum
Announces multiple US deals
January 6, 2012: In June of 2010, China’s leading wind turbine manufacturer, Goldwind opened an office in Chicago and hired a mix of American and Canadian staff with the hopes of establishing a truly local presence in the Americas. That strategy continues to pay off as Goldwind today announced several turbine supply agreement deals in the Americas bringing its total to thirteen.
“We are thrilled with the progress we have made in the Americas as it demonstrates that the market here understands the technology and efficiency advantages that accompany the Goldwind turbine,” said Matthew Olive, Vice President of Sales for Goldwind in the Americas. “We have also worked with a diverse set of developers and utility companies from several regions of the continent, each understanding that with Goldwind, comes a suite of solutions for wind project development including common equity, mezzanine financing and term project finance, among other offerings.”
Among others, Goldwind USA has partnered with Mainstream Renewables and One Energy. Today, Goldwind USA announced turbine sales to new customers: Enel Green Power North America, Wind Energy Developers, LLC and Debenham Energy. Each will utilize Goldwind’s permanent magnet direct-drive turbine technology on their wind farms.
Goldwind’s efforts to localize have aided its momentum in the Americas. According to Kate Dusett, Goldwind USA’s point person for logistics and sourcing, the company has been reliant on local sources of content to achieve its goals. “We have worked with a variety of US companies to make our projects happen here, said Dusett. “With help from companies such as LM Wind Power, Broadwind Energy, The Timken Company, Maxwell Technologies and so many others, we’ve not only built high quality projects, but we’ve created over 400 US jobs in the process.”
In addition to previously announced deals in Minnesota, Illinois, Ohio, Rhode Island, Iowa, Ecuador and Chile, Goldwind USA today announced deals in New York, California and an additional project in Rhode Island. Goldwind USA also expects to announce another major US deal in the coming weeks. In all, Goldwind has over 200MW of turbine sales and project acquisitions in place in its 18 months in the Americas.
According to Wang Haibo, head of Goldwind’s international unit, efforts to localize has been the key component in Goldwind’s global success. “Goldwind has long strived to establish itself as a global company serving a variety of international markets,” said Mr. Haibo. “We have made tremendous progress in meeting that goal with sales in Pakistan, Africa, South America, Europe and Australia thanks to our efforts to localize our operations. The US market is particularly competitive and to succeed there demonstrates any global company’s ability to compete on an international scale and we are pleased to see such promising results in such a short period of time.”
Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) is the largest manufacturer of wind turbines in China, and among largest globally. With strong R&D capabilities, the company is the world’s largest manufacturer of Permanent Magnet Direct-Drive (PMDD) wind turbines, representing the industry’s next generation technology. Goldwind is listed on both the Shenzhen Stock Exchange (Stock Code: 002202) and the Hong Kong Stock Exchange (Stock Code: 2208).
For more information please contact:
Colin Mahoney, Goldwind USA