Press Releases

Oct 02, 2018

CHICAGO (October 2, 2018) – Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. (SZSE: 002202) (HK: 2208), today announced it has received tax equity financing from BHE Renewables (a Berkshire Hathaway Energy subsidiary) and Citi, for Goldwind’s 160-megawatt (MW) Rattlesnake Wind Project located in McCulloch County, Texas.

“At Goldwind, we are steadfast in our approach to United States and broader North American wind markets. The successful tax equity financing for the Rattlesnake Wind Project by world-class institutions Berkshire Hathaway Energy and Citi, serves as a critical milestone in Goldwind’s commercial strategy in North America,” says David Sale, Chief Executive Officer of Goldwind Americas.

That strategy includes expanding Goldwind’s pipeline of projects across the Americas, differentiation through innovation, transparency and validation of turbine performance, and bankability of Goldwind’s PMDD technology.

Goldwind Capital, another U.S.-based subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., provided construction financing for the project that will sell power under a long-term fixed price energy hedge.

“The evolution of the Rattlesnake Wind Project from acquisition to commercial operations, and its financing – the first of its kind for a Chinese wind energy technology company – highlights not only the reliability and bankability of Goldwind’s technology, but it also underscores our long-term commitment to the U.S. wind market,” continues Saad Qais, Chief Financial Officer for Goldwind Americas.

Goldwind’s wind turbines provide cleaner, cost-effective energy, while creating jobs, stimulating economic growth, and reducing impact on the environment. Utilizing 64 Goldwind GW 109/2.5MW PMDD wind turbines, the Rattlesnake Wind Project brought significant economic benefit to the community of McCulloch County, supporting approximately 250 well-paying construction and service-related jobs at the peak of construction. The project is Goldwind’s largest U.S. wind project to date.

About Goldwind America
Goldwind Americas, headquartered in Chicago, is a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd (SZSE: 002202) (HK: 2208), a world leading wind turbine technology and energy solutions provider. Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital. Goldwind Americas is a tradename of Goldwind USA, Inc. To learn more, visit www.goldwindamericas.com.

 

GOLDWIND AMERICAS MEDIA CONTACT:

Lauren La Marche
Marketing & Communications

T:  +1 (312) 948-8049
E:  llamarche@goldwindamericas.com

 

May 07, 2018

CHICAGO (May 8, 2018) – Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) (SZSE: 002202) (HK: 2208), announced today that it has completed the installation of its GW 3MW(S) Smart Wind Turbine test unit at the UL Advanced Wind Turbine Test Facility located at West Texas A&M University in Canyon, Texas. The scalable 3-megawatt test turbine has an assembled hub height of 130 meters and a blade tip height of 199.2 meters, making it the tallest wind turbine in the United States.

Developed by Goldwind, the onshore GW 3MW(S) prototype features scalable rated capacity of up to 3.57 MW and a rotor diameter of 136 meters. The platform’s structured design maintains Goldwind’s Permanent Magnet Direct Drive (PMDD) turbine technology and incorporates attributes from the GW 1.5 and GW 2.5 MW platforms, including industry-leading availability and performance. Goldwind utilized LM Windpower for the supply of the blades and Broadwind Energy for the supply of tower components, all of which were transported by Anderson Trucking Service. Wanzek Construction, based out of West Fargo, ND, led the project’s construction.

“The installation of Goldwind’s 3S prototype serves as an important milestone for Goldwind Americas and its global strategy to commercialize Goldwind’s turbine technology in the U.S. and abroad. The scalable 3-megawatt wind turbine, named Best in Class by Windpower Monthly, underscores Goldwind’s dedication to the continuous innovation of its product offerings,” says David Sale, chief executive officer of Goldwind Americas.

The GW 3MW(S) features Scalable capacity, Smart turbine controls, and a Structured design. It was officially launched in October 2016 at the China Windpower Exhibition, with the first prototype in China grid-connected in January 2017 in Zhangbei Grassland, Hebei Province, China.

Reinhard Sander, vice president of engineering and technology for Goldwind Americas adds, “The newest model in Goldwind’s portfolio of turbines continues to push the technology envelope and define what is possible in the wind industry. This allows our customers to maximize project economics with a larger nameplate design at a greater hub height, while benefiting from the scalability and adaptability of the 3 MW-plus platform.”

This is the first prototype Goldwind has installed and tested outside of its headquarters in China. The U.S.-based prototype will be fully commissioned and testing will commence by May 2018.

To learn more about Goldwind’s 3MW(S) Smart Wind turbine, visit goldwindamericas.com/GW3S.

 

About Goldwind Americas

Goldwind Americas, headquartered in Chicago, is a world leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd (SZSE: 002202) (HK: 2208), Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital. To learn more, visit www.goldwindamericas.com.

Feb 02, 2018

CHICAGO (Feburary 5, 2017)Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) (SZSE: 002202) (HK: 2208), today announced that David Sale has been named chief executive officer of the North American affiliate based in Chicago.

Tony Pan, CEO of Goldwind International Holdings said in a statement, “We welcome Mr. Sale to the Goldwind team. He brings a wealth of knowledge rooted in wind technology expansion in the North American market, and we are pleased to welcome him to the growing Goldwind Americas team in Chicago. He will be an invaluable asset in furthering Goldwind’s industry-leading technology and brand presence throughout the global wind market.”

“I cannot imagine a more important and exciting time to join Goldwind -- one of the largest energy solutions companies in the world,” said Mr. Sale. “With market-leading PMDD technology, a best-in-class product portfolio, and an extremely passionate and talented group of people, Goldwind is well-positioned to capture an even greater market opportunity in North America and on a global scale. I look forward to being a part of this journey.”

Mr. Sale joins Goldwind from Siemens-Gamesa Renewable Energy from where he brings extensive experience leading, innovating, and scaling wind turbine sales and technology businesses in the Americas and on a global level, including having guided a number of companies and business units through critical transformation periods. Mr. Sale holds a Bachelor of Science in Industrial-Organizational Psychology and Business from Pennsylvania State University.

About Goldwind Americas
Goldwind Americas, headquartered in Chicago, is a world leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd (SZSE: 002202) (HK: 2208), Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital. Goldwind Americas is a trade name of Goldwind USA, Inc. To learn more, visit www.goldwindamericas.com.

Media Contacts:
Lauren La Marche
312-948-8049 / llamarche@goldwindamericas.com

Jan 25, 2018

Executive launched and commercialized Goldwind technology in Americas markets

CHICAGO (January 25, 2018)Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) (SZSE: 002202) (HK: 2208), announced today that David Halligan, executive that helped launch Goldwind in the Americas, will be leaving as its chief executive officer. Mr. Halligan announced he is leaving the company to launch a new renewable energy venture focused on distributed and digital energy solutions. The venture will look to deploy Goldwind’s Permanent Magnet Direct-Drive (PMDD) wind turbine technology, with industry-leading availability, as part of its complement of energy solutions.

Mr. Halligan joined Goldwind in 2010 as chief financial officer and member of the executive team charged with launching Goldwind in the Americas. Serving as CEO for the last four years, Mr. Halligan successfully commercialized Goldwind’s PMDD technology in the Americas wind markets, achieved bankable status for the technology through the closing of milestone financings such as the tax equity financing of the 160-megawatt (MW) Rattlesnake project in McCulloch County, Texas, and expanded Goldwind’s base of installed turbines to approximately 685MW from Minnesota to Chile.

“I am honored to have had the opportunity to launch and lead the commercialization in the Americas of one of the world’s largest and most innovative wind technology companies,” said Mr. Halligan. “I would like to thank Goldwind Chairman Mr. Wu Gang for the opportunity to work with his company for nearly eight years and for fulfilling his vision of expanding Goldwind globally as an innovative energy technology leader. I look forward to continuing my relationship with Goldwind and value the PMDD technology as an industry-leading wind product.”

“I would like to thank David for leading Goldwind’s global expansion in the Americas markets,” said Chairman Wu. “Goldwind is very well-positioned for continued international growth through the strong efforts of our global teams, products and solutions that meet the needs of an evolving energy landscape, and our enhanced data-driven service capabilities. I look forward to continuing to work with David and am excited that Goldwind’s PMDD technology will be a key component of his company’s business model.”

Mr. Halligan will assist Goldwind in the transition of leadership, serving in an advisory capacity to the company upon the start of employment of his successor. Mr. Halligan will continue to support the Goldwind brand as it expands into other areas of technology and capital innovation.

About Goldwind Americas
Goldwind Americas, headquartered in Chicago, is a world leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd (SZSE: 002202) (HK: 2208), Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital. Goldwind Americas is a trade name of Goldwind USA, Inc. To learn more, visit www.goldwindamericas.com.

Media Contacts:
Lauren La Marche
312-948-8049 / colin@mahoneycommunications.com

Sep 13, 2017

Wind technician training program for those interested in joining the rapidly growing wind industry

CHICAGO (September 13, 2017) – Officials from Chicago-based Goldwind Americas (“Goldwind”), a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. (SZSE: 002202) (HK: 2208) and Casper College of Casper, Wyoming announced today that they are partnering to host the first two-week wind technician training course sponsored by Goldwind Works. The Goldwind Works wind technician training program is scheduled to begin on October 16, 2017 and will be held on the Casper College campus located in Casper, Wyoming.

Goldwind Works is accepting applications for ten students for this first training class, which will consist of an integrated two-week curriculum combining traditional lecture and hands-on lab formats. Students in the training program will receive basic technical and safety qualifications and certifications covering such concepts as wind turbine systems, Occupational Safety and Health Administration standards, and safety at heights – the full curriculum is available on the Goldwind Works website (goldwindworks.com). The company will utilize training facilities and equipment at Casper College’s Center for Training and Development. Goldwind Works is sponsoring all costs associated with delivering the training to these ten students.

“We are thrilled to partner with Casper College to take meaningful action to help educate and train the American workforce for jobs in an industry, not just of the future, but of today – to power America,” said David Halligan, Chief Executive Officer of Goldwind Americas.

According to the Bureau of Labor Statistics, Wind Technician is the fastest growing job profession in the U.S. and, with Wyoming set to be a big producer of wind energy, Goldwind and Casper College are working together to bring opportunity to those interested in working in this rapidly growing industry.

“This is an important role we play in helping meet the workforce needs for the region,” says Casper College President Darren Divine. “The partnership with Goldwind is a great example of how Casper College works to meet the training needs of growing industries. We’re very excited to be partnered with Goldwind for the important work they’ll be doing in Wyoming.” This partnership between Goldwind and Casper College will grow over time to keep pace with the changing requirements for people working in the wind energy industry.

Goldwind Works is currently accepting applications for its training program. Those interested in learning more about the training and how to apply can visit goldwindworks.com/training or email works@goldwindamericas.com.

Media Contacts:
For Goldwind Works: Colin Mahoney, Mahoney Communications Group
212-220-6045 / colin@mahoneycommunications.com

For Casper College: Chris Lorenzen

307-268-3088 / christopher.lorenzen@caspercollege.edu

About Goldwind Works

Goldwind Works’ -- a Goldwind Americas-sponsored training curriculum -- is an integrated, two-week program combining traditional lecture and hands-on lab formats for those transitioning away from the coal and/or oil & gas industries or those interested in a new field of work. Participants in the training program will receive basic technical and safety qualifications and certifications to assist in obtaining wind turbine technician internships and full-time positions. Goldwind Works is providing this training complimentary to select individuals who are ready to take their career to new heights. To learn more visit goldwindworks.com.

About Casper College

Casper College is a premier, public, comprehensive two-year institution with a primary focus on student success. The college offers academic transfer programs, career training, continuing education, and basic skills instruction. Casper College provides opportunities and programs to improve quality of life and supports community building and citizenship for the people of Casper, Natrona County, the State of Wyoming, and the World. The college offers over 140 degree and certificate options including a degree in renewable technologies that trains students as instrumentation and control technicians for electrical power generation from wind and solar. Visit Casper College online at caspercollege.edu.

Sep 13, 2017

WASHINGTON (Sept. 10, 2017) – Goldwind Americas today announced it is joining with other American wind energy companies as a keystone partner of Habitat Hammers Back, the Hurricane Harvey repair and rebuilding initiative led by Habitat for Humanity. The companies are donating to a fund that has raised $1 million to support repairs and rebuilding efforts in areas impacted by the storms.

“The powerful forces of nature that drive the wind energy industry can also be very destructive. Respect and care for the environment, climate and all humans are core tenets of the wind energy industry,” said David Halligan, CEO of Goldwind Americas. “Goldwind Americas is proud to join other companies from the American wind energy industry in partnering with Habitat for Humanity to help families recover from Hurricane Harvey.”

“Habitat for Humanity is committed to helping families recover from Hurricanes Harvey, and we wouldn’t be able to do it without the support of our partners like Goldwind Americas and the other companies from the American wind energy industry,” said Habitat for Humanity International CEO Jonathan Reckford. “Their gift is an investment in the long-term recovery of these communities.”

Through Habitat Hammers Back, Habitat is already at work responding to Hurricane Harvey, helping families to clean up and prepare for the rebuilding effort to come. Habitat will work with its local offices throughout the hurricane-affected regions to assess the shelter and housing needs and develop response options. In addition to long-term housing repair and construction, Habitat’s response includes organizing volunteers and resources to help with the cleanup of homes damaged by wind and flood waters.

More information on Habitat’s and Goldwind Americas response to Hurricane Harvey can be found at https://habitat.org/American-Wind-Energy/Harvey.

About Goldwind Americas

Goldwind Americas, headquartered in Chicago, is a world-leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. (SZSE: 002202) (HK: 2208), Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital. To learn more, visit www.goldwindamericas.com.

About Habitat for Humanity

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in more than 1,300 communities throughout the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.

Aug 08, 2017

CHICAGO (August 8, 2017)Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) (SZSE: 002202) (HK: 2208), announced today it has signed agreements to supply One Energy Enterprises LLC with a total of 60 megawatts (MW) of Goldwind turbines for various distributed generation wind energy projects as part of One Energy’s innovative Wind for Industry® model. As part of the framework agreement, a firm order of 20 GW 87/1500 turbines is scheduled for immediate delivery. The financing for One Energy’s projects is being provided by Prudential Capital Group as part of a combined senior and subordinated debt facility.

“We are delighted to be working with One Energy and Prudential Capital in directly powering industrial facilities for some of the largest companies in the United States,” said David Halligan, Chief Executive Officer of Goldwind Americas. “With their exceptional performance, reliability, and high-power quality, Goldwind’s Permanent Magnet Direct Drive (PMDD) turbines are equally well-suited for utility-scale and distributed generation projects.”

The first four turbines will be installed for Wind for Industry® projects to supply wind energy to Whirlpool Corporation facilities in Marion and Ottawa, Ohio.

“Manufacturers are taking control of their energy future. They want clean energy, they want low fixed rates, and they want it now; and that is exactly what we give them. Goldwind has earned their seat at the table for this emerging Commerical & Industrial (C&I) market over the last five years. We know their technology and their management team very well and they continue to demonstrate a worldwide commitment to support these direct-to-load projects,” expressed Jereme Kent, Chief Executive Officer of One Energy Enterprises. “We look forward to continuing to grow our fleet of Goldwind turbines.”

As part of this order and continued growth, One Energy plans to start stocking turbines at its yard in the United States in order to shorten the project delivery time for Wind for Industry® projects. This turbine agreement was designed to create a framework where One Energy can work towards delivering wind projects in 90 days.

“We aren’t there yet, but we are headed that way as fast as we can,” said Jereme Kent.

One Energy’s Wind for Industry® model is designed to achieve a significant reduction of an industrial facility’s electrical consumption from the grid as well as provide manufacturers with 20 years of electricity-rate certainty through installing one or more utility-scale wind turbines and interconnecting them on the facility’s side of its utility meter.

About Goldwind Americas

Goldwind Americas, headquartered in Chicago, is a world-leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. (SZSE: 002202) (HK: 2208), Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital. To learn more, visit www.goldwindamericas.com.

About One Energy
Headquartered in Findlay, Ohio, One Energy is a trusted expert in on-site wind energy generation, and is responsible for the largest commercial net-metered wind projects in the United States. One Energy provides Wind for Industry® solutions for large electricity consumers. The One Energy family of companies delivers project assessment, development, engineering, procurement, construction, finance, and operations. Learn more at www.oneenergywind.com.

May 24, 2017

CHICAGO (May 24, 2017)Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) (SZSE: 002202) (HK: 2208), announced today that it has signed an agreement with Renewable Energy Systems Americas Inc. (RES) to acquire the 160-megawatt (MW) Heart of Texas Wind Project in McCulloch County, Texas.  

“The partnership with RES on the Heart of Texas wind project further demonstrates the strong accreditation of Goldwind’s industry-leading Permanent Magnet Direct Drive turbine technology in the U.S. wind market,” said Vikaas Rao-Aourpally, Vice President of Sales and Business Development for Goldwind Americas. “We are proud to again partner with RES, a leading renewable energy developer and constructor to continue to grow Goldwind’s presence in the Americas.”

The Heart of Texas Wind Project, located approximately 125 miles northwest of Austin, will utilize Goldwind GW 121/2.5MW wind turbines.

“RES is pleased to work with Goldwind again to sign the Heart of Texas sales transaction,” said Brian Evans, Chief Development Officer of RES in the Amercas. “This wind project will bring economic benefits to the Lone Star State, thus helping us meet our mission of providing a low carbon future for all.”

Goldwind Capital, a subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., provided bridge financing to acquire the project and is in the process of arranging a financing package in partnership with top-tier financial institutions that will include construction and tax equity financing and a long-term ERCOT fixed price hedge for power production. In April 2017, Goldwind received tax equity financing commitments from Berkshire Hathaway Energy and Citi for the approximately $250m Rattlesnake Wind Project.

About Goldwind Americas

Goldwind Americas, headquartered in Chicago, is a world leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd (SZSE: 002202) (HK: 2208), Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative

May 19, 2017

Chicago, Illinois (May 19, 2017) – Goldwind Americas, Chicago-based subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) (SZSE: 002202) (HK: 2208), announced today that Reinhard Sander has joined the company as Vice President of Engineering and Technology.

”I am thrilled to announce that Reinhard Sander has joined our team in Chicago as Vice President of Engineering and Technology,” said David Halligan, Chief Executive Officer of Goldwind Americas. “Reinhard brings extensive experience leading the engineering and technical functions of a wind turbine technology organization and will be an invaluable asset in representing Goldwind’s technology and brand throughout global markets. Reinhard will take on a leadership role in driving key product and technology initiatives in partnership with our global team of technical and R&D professionals.”

Mr. Sander joins Goldwind Americas after almost nine years at Nordex USA, Inc. where he was responsible for mechanical and electrical engineering, wind resource assessment, quality management and technical localization for the Nordex US operation. Prior to Nordex, Mr. Sander lead engineering organizations for Rite-Hite Corporation and subsidiaries in the U.S. and Europe.

About Goldwind Americas

Goldwind Americas, headquartered in Chicago, is a world leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd (SZSE: 002202) (HK: 2208), Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital.

 

May 02, 2017

Goldwind is delighted to share news with you that on April 27, 2017, Goldwind received tax equity financing commitments from MidAmerican Wind Tax Equity Holdings (a Berkshire Hathaway Energy subsidiary) and Citi for our 160-megawatt (MW) Rattlesnake Wind Project located in McCulloch County, Texas. The Goldwind Americas team originated and structured the acquisition and financing of the Rattlesnake Wind Project – the first of its kind for a Chinese wind energy technology company.

This financing serves as a critical milestone of a strategy set in 2014 to fully commercialize Goldwind’s turbine technology in the U.S. and broader international wind energy markets. The strategy included expanding Goldwind’s pipeline of projects across the Americas, differentiation through innovation, transparency and validation of turbine performance, and bankability of technology.

In a statement released today, Goldwind Chairman Mr. Wu Gang said, “We are very pleased to partner with world-class institutions Berkshire Hathaway Energy and Citi on this innovative and breakthrough deal. Their support is a testament to the performance and realibity of Goldwind’s Permanent Magnet Direct Drive (PMDD) wind turbine technology, with its industry-leading availability.”

Marshal Salant, Global Head of Alternative Energy Finance at Citi said, “Citi is proud to support this innovative project, which is being developed by Goldwind, the largest Chinese wind turbine manufacturer. The Rattlesnake Wind Project offers a great example of Citi’s commitment to supporting the global aspirations of its clients, enabling growth and economic progress through investment in sustainable energy solutions.”

The approximately $250 million Rattlesnake Wind Project, utilizing 64 Goldwind GW 109/2.5MW PMDD wind turbines, will bring significant economic benefit to the community of McCulloch County and support approximately 250 well-paying construction and service-related jobs. The Rattlesnake Wind Project is the first phase of a total planned 320MW wind project, which once operational, will be Goldwind’s largest U.S. wind project to date.
 

Mar 29, 2017

Goldwind Reports Higher Net Profit for the Year 2016

BEIJING, China, March 29, 2017 -- Xinjiang Goldwind Science & Technology Co., Ltd. (the “Company”, Shenzhen stock code 002202, Hong Kong stock code 2208, “Goldwind” or the “Group”) today announced its annual results for the year ended December 31, 2016. In accordance with China GAAP, during the year ended December 31, 2016, the Group’s total revenue was RMB 26,396 million. Mainly due to innovation, related diversification strategy and optimization of management, the Company’s profitability increased significantly with its net margin increased from 9.48% to 11.38%. Net profits attributable to owners of the parent company increased by 5.39% to RMB 3,003 million. Basic earnings per share for the year 2016 increased by 3.03% year over year to RMB 1.08.

Mr. Wu Gang, Goldwind’s Chairman, said, “While strengthening our core business, Goldwind has actively expanded our related diversified businesses in 2016, which led to impressive progress in smart energy and environmental-protection business. Meanwhile, Goldwind achieved milestone steps on the path to internationalization. Looking forward, Goldwind will keep on making efforts on R&D and innovation, focusing on our customers’ demand, deeply unearthing the industrial value chain and contributing to create more economic value for shareholders through our well-proven diversified business model.”

WTG Manufacturing and Power Generation In 2016, China’s wind power industry achieved stable development, the Company continued to solidify its leading position and expand its market share with superior wind turbine products and comprehensive solutions. In 2016, Goldwind’s worldwide newly installed capacity reached 6.4GW with a significant corresponding market share of 12%, while domestic newly installation market share increased by 1.9% to 27.1% last year, making the Company the largest WTG manufacturer in China for the sixth consecutive year. During the Reporting Period, the Group’s revenue from WTG Manufacturing & Sales business segment was RMB 22,387 million. In 2016, China’s wind power industry achieved stable development, while demand for wind equipment surged in the public tender market, Goldwind won nearly 9GW of new WTG orders in China last year, representing over 30% of market share, mainly due to our strong R&D capabilities, excellent product performance and service. By the end of 2016, Goldwind had 14.2 GW of backlog on hand, representing an increase of 19.1% YoY. In 2016, Goldwind also accelerated development of wind power in China’s middle, eastern and southern regions. The company reported that its newly attributable installed generating capacity increased by 1.03GW and its newly attributable approved capacity increased by 1.46GW, while revenue generated from Wind Farm Investment and Development business was RMB 2,417 million, representing an increase of 55.5% YoY.

R&D and Innovations In 2016, Goldwind continued to upgrade its product lines through technical innovations, better to meet market demand. The Company successfully realized the application and popularization of its ValuePlus product platform, which will help improve project profitability. The Group accomplished its brand new 3.0MW(S) onshore product platform featuring large rated capacity, which is oriented for international markets and domestic medium to low wind speed regions. The Company continued R&D work for its 2.0MW and 2.5MW units, targeting fast-growing wind market segments such as ultra-low wind speed, high-altitude, high-temperature and etc. In addition, Goldwind established China's largest offshore wind power R&D center and launched its tailor-made comprehensive solution for offshore projects, laying a solid foundation for on-going development in the offshore market.

Meanwhile, Goldwind accelerated its exploration on added-value derived from mature wind power value chain opportunities. During the Reporting Period, the Company launched its comprehensive life-cycle solutions for wind projects and related innovative products, including EPC solution, self-innovated hybrid/soft wind power tower product and digital operation and maintenance solutions, which will guide the industrial development trend of digitization, AI and integration.

Emerging Business Along with the accelerated progress of Chinese power system reform and the implementation of Internet+ action plan, Goldwind actively carried out innovative explorations in various fields such as new energy, new materials, green technology and energy saving environmental protection, serving as the new driving force for the sustainable development of the Company. During the Reporting Period, there was rapid development of the Company’s water business. Goldwind innovatively uses an intelligent water management model, having developed an application to realize the organic combination of the IOT + basic applications + intelligent applications. Moreover, the Company has successfully introduced world leading 3D printing technology into the water industry and has launched an effective solution for developing water treatment projects. In 2016, Goldwind continued to lead the technical innovation of China’s smart micro-grid industry. The planned smart energy project in Anhui was awarded in the list of national demonstration projects.

Internationalization During 2016, the Company successfully acquired the Rattlesnake Wind Power Project in Texas, USA, with a planned capacity of 160 MW; it will become Goldwind’s largest wind farm in North America after completion. The construction of White Rock Wind Farm in Australia also went smoothly; Goldwind contributed in the project as the EPC contractor and WTG supplier. The Group has been practicing national strategy of “One Belt and One Road”, and made a breakthrough in Pakistan’s wind market with a series of acquired WTG orders of high-temperature wind projects in Pakistan, mainly due to the excellent performance of connected units. The Group completed installation of its first batch of soft towers in Thailand. Meanwhile, the Company has taken a further step in its development in South America by winning an order of 80MW in Chile.

About Goldwind Xinjiang Goldwind Science & Technology Co., Ltd is a world leading wind turbine technology and energy solutions provider (SZSE: 002202) (HK: 2208). With more than 38 GW of capacity worldwide, Goldwind’s revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind offers its innovative comprehensive solutions for renewable energy development, including equipment manufacturing and sales, service, and investment.

News

Jan 16, 2018

Recharge News: China's Goldwind poised for North America breakthrough
IN DEPTH | Patience pays off as China’s largest wind turbine maker eyes prospect of up to 2GW installed across the US, Canada and Mexico by 2020
by Karl-Erik Stromsta

It’s been a long and sometimes bumpy road for Goldwind in the US, but China’s leading wind turbine maker is convinced that nearly a decade after installing its first turbine on American soil, its patience is about to pay off — with implications that could reverberate globally.

Xinjiang Goldwind Science & Technology, as it is formally known, is easily the leading turbine OEM in China, installing 6.3GW in 2016 alone — more than treble that of its nearest rival, Envision (2GW). But in the US, the world’s number-two market, Goldwind has struggled to make inroads into what is effectively a turbine oligopoly — with Vestas, GE and Siemens Gamesa controlling 95% of the market in 2016. All three have sizeable US wind manufacturing bases, while Goldwind’s main factories are in China.

Having installed its first turbine in the US in 2009, Goldwind had just 182MW in place here at the end of 2017 — far behind even now-defunct onshore suppliers such as Clipper and Mitsubishi.

But that number will surge to 1GW by 2020, with an additional 500-1,000MW in Canada and Mexico, predicts David Halligan, chief executive of Chicago-headquartered Goldwind Americas. In the 2020s, he adds, the sky’s the limit.

One curious aspect of the global renewables market is the divergent paths of China’s wind and solar manufacturers. While Chinese producers like JinkoSolar now utterly dominate the global PV panel market, Chinese wind manufacturers like Goldwind and Envision have struggled to gain traction outside their home patch.

Goldwind in particular wants to change that. Its international push is intensifying, and despite the fading production tax credit (PTC) and uncertainty over US-China trade relations under President Donald Trump, the US market remains a “primary” focus, Halligan says.

A number of factors held Goldwind back in its early years in the US, including a lack of name recognition, limited local performance data for its permanent-magnet direct-drive (PMDD) turbines, and — it’s fair to assume — its Chinese heritage. Most problematic of all, Halligan says, was a lack of acceptance of Goldwind’s technology by the US financial community.

That last issue would have been easier to remedy in a market with more policy certainty. But until recently the US wind market was characterised by wild gyrations in annual installations as the PTC was repeatedly extended and allowed to expire again. Convincing investors to move beyond their comfort zone in the midst of the usual mad rush to finance projects was a tough sell.

“The tax-equity market wasn’t going to invest a lot of time rolling up their sleeves and learning about Goldwind’s technology when the PTC might be going away,” Halligan tells Recharge. “But with the five-year extension [at the end of 2015], all of a sudden there was an opportunity for the tax-equity market to invest some time learning about our technology.

“That provided the opportunity for Goldwind to shift into another gear.”

‘A huge, huge sign’

Part of Goldwind’s recent strategy in some foreign markets has been building its own projects to get its technology on the local map. To that end, in 2016 the company acquired the 160MW Rattlesnake development in Texas from RES Americas, and followed up last year by negotiating the purchase of RES’s Heart of Texas project, also 160MW.

Rattlesnake is currently under construction using Goldwind’s GW109/2.5MW PMDD turbines and due on line in the second quarter of 2018. Heart of Texas will follow immediately, and is slated for commercial operation by the end of this year. Both are qualified for the full PTC. Goldwind may sell the projects, in whole or in part, in the future, Halligan says.

Building projects in-house is one thing. But in Halligan’s eyes, Goldwind’s most important US breakthrough came last May, when Warren Buffett’s Berkshire Hathaway Energy and Citibank — two influential US tax-equity investors — invested in Rattlesnake, in a big vote of confidence in the OEM’s technology.

That was a “huge, huge sign for Goldwind, and not just in this market”, Halligan says. “It has had ripple effects across the globe, frankly. We’re seeing the effect in Canada and Mexico, and there are project opportunities down in South America where the financing community is stepping up to back us.”

Halligan says a different group of tax-equity investors will back Heart of Texas, though Goldwind is not yet ready to announce the deal.

Goldwind may not threaten the dominance of the big three turbine suppliers any time soon, but “I think they’re in a good position in the US”, says Luke Lewandowski, Chicago-based research manager at MAKE Consulting.

“They have turbines installed, they’ve collected data on their technology, they have their certifications and now they’ve apparently been able to secure some tax-equity financing with additional banks for their second project in Texas,” he tells Recharge. “They’ve achieved critical milestones in their evolution in the US.”

Two-way street to China

Halligan is at ease in the world of project development and construction, having worked for developers First Wind (acquired by SunEdison in 2014) and Enel North America. Ultimately, however, Goldwind aims to become a “traditional turbine supplier” in North America, he says.

Given Goldwind’s lack of factories and still-limited installed base in North America, its lowest-hanging fruit in the short term may be projects sited close to the coasts, in places like Texas, Lewandowski says — “anywhere near a port to help avoid logistics costs”.

Other turbine makers that have chalked up recent successes in the US without a local manufacturing base, including Nordex Acciona, seem to have the same idea.

As the PTC winds down, one group of potential customers that would seem to make sense for Goldwind is lower-tier developers that might need a little help with financing or getting a project over the finish line.

For Halligan, though, the ultimate target is “the big players, the global players”.

“They’ve all been to our factories in China,” he says. “One of the last questions for any of these customers was, ‘Can Goldwind’s technology be financed — and financed on market terms?’ Today we can say, ‘yes’. It’s only a matter of time before we start supplying these large, large customers.”

One potential ace up Hong Kong-listed Goldwind’s sleeve is its ability to help open doors for Western developers in the immense Chinese wind market.

China installed 23GW of wind in 2016, three times as much as the US and nearly as much as the rest of the world put together, but it remains an extremely difficult market for non-Chinese developers to get a foothold.

“I think that’s definitely something Goldwind can do,” Halligan says.

“I don’t want to speak for my colleagues in Beijing, but the renewables market is becoming completely global, and Goldwind is active on six continents. So you’re going to see us partnering with customers who are active across the globe.” 

Goldwind's 1.9GW Wyoming mega-project

One of the most interesting — if still uncertain — opportunities on the horizon for Goldwind in the US is the exclusive turbine supply agreement it signed in late 2016 with Viridis Eolia, a little-known Venezuelan developer that has spent years developing a 1.9GW multi-phase wind project in Wyoming.

Like Power Company of Wyoming’s 1,000-turbine Chokecherry and Sierra Madre project, Viridis Eolia’s project would be built in Carbon County, southern Wyoming, which boasts exceptionally good wind conditions. For both mega-projects, the economics may hinge on being able to sell power into California — meaning transmission will be a challenge.

Halligan says turbine installation could begin in Wyoming as soon as this year, though he admits the project “might be a little bit more long-dated too”. Even if the timeline slips, he’s optimistic it will get built eventually. “As turbines get bigger and the technology gets more efficient, I think the economics might still work very well post-PTC.”

Halligan declines to comment on whether Goldwind is considering investing directly in the Wyoming project, as it has done elsewhere in the US.

“There are lots of pieces that need to come together to make it happen, and a lot of that may be dependent on Wyoming-specific matters,” he says. “We’re just the turbine supplier. But we hope they can bring those projects to fruition very soon.”

Among the issues specific to Wyoming are a state tax on wind-energy production of $1/MWh, which some local legislators want to quadruple.

Might the logistics of supplying 600 or more turbines to Wyoming lead Goldwind to consider a US factory? Maybe, Halligan says. “If the economics and logistics of transporting the equipment dictate the need for a local supply chain, then that’s on the table.

“As we ramp up the number of turbines we’re installing not only here in the US but also in other markets, we’ll be investigating opportunities for Goldwind to participate in the local supply chain.”

Latin America

Goldwind has been making incursions into Latin America’s fledgling wind market for the past few years. But like in the US, it has faced a lot of competition from Western competitors.

So far, it has installed 215MW in Panama, 16.5MW in Ecuador, 4.5MW in Cuba and 3MW in Bolivia, and is due to have 80MW installed in Chile by the end of this year — a drop in the ocean for a region with installed capacity of about 20GW. But the company is still hoping to break the big wind markets of Brazil and Argentina.

In Argentina — which plans to install 10GW of renewables capacity by 2025 — Goldwind was the preferred partner for Sinohydro’s 100MW Pampa wind farm, which was awarded construction rights at the Round 1.5 tender in 2016, but the OEM has not yet signed a firm contract with the Chinese developer.

It has also acquired a 350MW project pipeline in the country, which will bid at forthcoming annual tenders.

Goldwind has been looking at the possibility of building a turbine factory in Brazil since at least 2015 in order to meet the strict local-content requirements that would enable developers purchasing its turbines to access cheap funding from national development bank, BNDES.

The company carried out due diligence on acquiring bankrupt Argentine OEM Impsa’s shuttered Brazilian plants, but eventually decided against purchasing the facilities. It then looked into acquiring a project pipeline, which would have meant financing projects without cheap BNDES loans and importing turbines from China, but also decided against that. It is, however, currently negotiating with developers that have won the rights to build projects with Impsa turbines. Both OEMs based their machines on designs licensed from Germany’s Vensys.

Nevertheless, Goldwind’s general director for South America, Xuan Liang, told Recharge in August that the company still wants to build a factory in Brazil, but that there has to be significant local and regional demand to justify such an investment.

The Chinese company has set up its South American headquarters in São Paulo and has also opened offices in Argentina, Chile, Cuba and Ecuador.

Asia/Europe/Africa

Goldwind’s overseas strategy is also marked by a focus on emerging markets in Asia and Africa, a plan that benefits from Beijing’s Belt & Road Initiative (BRI), which encourages Chinese energy players to seek greater influence in developing countries.

It has already won business in Southeast Asia, Central Asia, the Middle East, Eastern Europe and East Africa — having installed projects in Pakistan, Thailand, Uzbekistan, Romania, Turkey and Ethiopia, and been awarded turbine orders in the Philippines, South Africa, Serbia and Kazakhstan.

Goldwind’s international journey started in Cuba and Pakistan in 2009. And since then, Pakistan has become the company’s biggest market outside China, with five projects installed totalling 400MW, which account for 35% of the country’s wind installations. With Islamabad aiming to increase the proportion of renewables in its energy mix from 3% to 10%, and BRI offering financial and political support, Pakistan remains a promising market for the company.

Goldwind has installed three projects totaling 100MW in Thailand, a 51MW wind farm in Ethiopia, and last year won a turbine supply deal for the 132MW Pasuquin in the Philippines.

In Central Asia, Goldwind is among the first arrivals. It supplied the 750kW turbine to the first experimental wind project in Uzbekistan, which started operation last September. And the company recently secured its first deal in Kazakhstan, where it will provide two 2.5MW machines to the Shelek wind project.

The company is also actively seeking opportunities in Saudi Arabia and Jordan, but Western Europe is on the backburner for now.

Australia

Goldwind’s strategy in Australia is similar to that in the US — building projects using its own turbines to get a foothold in the market.

Shortly before Christmas, the company closed financing of almost A$700m ($538m) from a nine-strong international syndicate of banks to build the 530MW Stockyard Hill wind farm in the state of Victoria. It had purchased the project from local utility Origin Energy in May for A$110m, and Origin will buy all the power from the wind farm “for a market-leading PPA price of below A$60/MWh”.

Full-scale construction of the project — which will showcase Goldwind’s 3.6MW turbines from its new GW3S platform — will begin in the first quarter of 2018.

It is also building the 175MW White Rock wind farm in New South Wales (NSW) and has two other operational projects in Australia: the 19.5MW Mortons Lane installation in Victoria and the 165.5MW Gullen Range wind farm in NSW.

Jan 03, 2018

Windpower Monthly: Gold for Goldwind… China takes away the main prize in the 3MW-plus class

January 3, 2018

BEST IN CLASS
Goldwind GW140/3MW

The Chinese manufacturer's low and ultra-low wind speed flagship comes with a large rotor diameter of 140 metres and flexible power rating of 3.0-3.4MW. The turbine is an evolution of the 2.5MW Vensys 90/100 series, introduced in 2007-08, and its 3MW successors. Goldwind is Vensys' main shareholder and technology licensee.

Technology features include an in-house outer-rotor PMG with integrated cooling system, a single rotor bearing and an ingenious patented "maintenance-free" pitch control system with toothed belt drive.

The original drivetrain design on the Vensys 90/100 was aimed at substantially reducing head mass (nacelle and rotor), and bringing that mass in line with its new geared multi-megawatt competitors. This was achieved through a series of technology measures including the use of a single rotor bearing and a relatively lightweight generator. Two 3.4MW prototypes are reportedly operating in China, and the company claims 1.6GW in orders.

Elsewhere, Goldwind’s GW115/2.0MW turbine also ranked in the top three of the onshore turbines up to 2.9MW category.

Read full article online

Dec 06, 2017

The Climate Reality Project: Reasons for Hope: The Answer is Blowin' in the Wind

Excerpt from The Climate Reality Project article, posted Jan 19th, 2018
One of the best ways to create a sustainable future for our planet is to invest in sources of clean, renewable energy like wind. Wind energy isn’t just a clean alternative to the fossil fuels driving the climate crisis – it’s also an engine for job creation across the US.

As the coal industry continues to decline, many former fossil fuel workers in cities and towns across the US are seeing which way the wind is blowing and training for new careers in renewable energy. Our recent 24 Hours of Reality: Be the Voice of Reality global broadcast shared the story of one clean energy company in Casper, Wyoming, Goldwind Americas, driving this trend.

Visit The Climate Reality Project for the original article & video.

Oct 04, 2017

VICE News: These former coal workers are training to be wind technicians
By Arielle Duhaime-Ross, VICE News

A Chinese-owned wind turbine company is trying to recruit workers — in the heart of coal country.

Wind turbine technician is the fastest-growing job in the country, but the workforce has yet to top 5,000 nationally. This summer, wind turbine company GoldWind Americas held free seminars in Wyoming, a state that also happens to be the largest coal producer in the U.S., to drum up interest in alternative energy labor.

The sessions were designed to give potential recruits a sense of what it takes to maintain wind turbines for a living. But many of the attendees were ex–coal workers who had lost their jobs in recent years, like Jason Willbanks.

“Last year was a horrible time to be unemployed up here in northeastern Wyoming, for sure,” he told VICE News during one of the seminars.

Watch the video

Sep 30, 2017

NYTimes: What’s Up in Coal Country: Alternative-Energy Jobs
By Diane Cardwell, NYTtimes

To view the whole story online, visit NYTimes.com

Miners may have just the skills for scaling wind towers and putting solar panels on roofs. And that’s no small thing in Wyoming and West Virginia.

From the mountain hollows of Appalachia to the vast open plains of Wyoming, the coal industry long offered the promise of a six-figure income without a four-year college degree, transforming sleepy farm towns into thriving commercial centers.

But today, as King Coal is being dethroned — by cheap natural gas, declining demand for electricity, and even green energy — what’s a former miner to do?

Nowhere has that question had more urgency than in Wyoming and West Virginia, two very different states whose economies lean heavily on fuel extraction. With energy prices falling or stagnant, both have lost population and had middling economic growth in recent years. In national rankings of economic vitality, you can find them near the bottom of the pile.

Their fortunes have declined as coal has fallen from providing more than half of the nation’s electricity in 2000 to about one-third last year. Thousands of workers have lost their jobs and moved on — leaving idled mines, abandoned homes and shuttered stores downtown.

Now, though, new businesses are emerging. They are as varied as the layers of rock that surround a coal seam, but in a twist, a considerable number involve renewable energy. And past jobs in fossil fuels are proving to make for good training.

Read Full Story

Aug 04, 2017

CBS Evening News:  Wyoming embraces wind energy, and the jobs that come with it
By Barry Petersen, CBS News


To view the whole story online, visit CBSNews.com

ROLLING HILLS, Wyo. -- Their jobs involve dangling 300 feet in the air, roping the blade of a wind turbine. The work comes with a view across the Wyoming prairie -- and a view well into the future. 

Wind turbine jobs are expected to be the fastest growing jobs in America between now and 2024, growing 108 percent.

The turbines stand on reclaimed land covering a coal mine that was worked for almost 50 years. But increasingly, Wyoming's energy comes not from mining what's down below, but from mining the wind above.

In Wyoming -- the top coal-producing state in America -- wind now provides 10 times more energy than it did a decade ago. And that may just be the beginning -- a Chinese company is recruiting workers for wind turbines it hopes to build in Wyoming, and will even pay for training. 

Steve Harshman, Republican speaker of the Wyoming House of Representatives, said he has no problem with the Chinese creating Wyoming jobs. 

"There is so much integration in economies around the world," he said. "I think it's all about free markets and I think we all support that."

Travis Harkins traded his coal job to work in wind, a decision he made with his wife Sam and three active boys very much in mind.

"When I was in coal, I had a concern about how I was going to provide for my family," he said. "Wind generation definitely opened up a whole new avenue for me. And a lot more opportunity."

People here have long boasted about being America's biggest coal producer. Now they're learning to embrace the winds of change -- and with it, a lot of new jobs.

May 21, 2017

NYTimes: Wind Project in Wyoming Envisions Coal Miners as Trainees
By Diane Cardwell, NYTtimes

To view the whole story online, visit NYTimes.com

Goldwind Americas, an arm of a leading wind-turbine manufacturer based in China, has been expanding its business in the United States. It has been careful to seek out local, American workers for permanent jobs on the wind farms it supplies.

Now it is trying to extend that policy to an unlikely place: Wyoming, which produces more coal than any other state and has hardly welcomed the march of turbines across the country, even imposing a tax on wind-energy generation.

On Thursday at an energy conference in Wyoming, the company announced plans for a free training program for one of the nation’s fastest-growing jobs: wind farm technician. And it is aiming the program at coal miners having trouble finding work, as well as those from other industries.

Called Goldwind Works, the program would begin next month with a series of informational meetings in Wyoming and include a safety training and tower climb at a wind farm in Montana.

Read Full Story

May 09, 2017

By Mark Del Franco

Goldwind Americas, the Chicago-based subsidiary of Xinjiang Goldwind Science & Technology Co., continues to rack up milestones associated with the U.S. wind industry.

Last week, the wind turbine manufacturer received tax equity financing commitments from MidAmerican Wind Tax Equity Holdings and Citi for the 160 MW Rattlesnake Wind Project, located in McCulloch County, Texas.

The approximately $250 million Rattlesnake Wind Project, powered by 64 Goldwind GW 109/2.5 MW permanent-magnet, direct-drive (PMDD) wind turbines, will be Goldwind’s largest U.S. wind project to date.

Typically, such financing agreements are necessary milestones on the way to a project’s completion. But these deals represent something more for Goldwind. It is its first project in Texas and its first tax equity-financed project, a first of its kind for a Chinese wind energy technology company.

The financing package from a pair of blue-chip Western financial investors signifies market acceptance of its so-called Chinese technology – although Goldwind’s technology is licensed from Goldwind-owned German provider Vensys.

“This is everything for us,” David Halligan, CEO at Goldwind, tells North American Windpower, noting that the company has spent the last few years building out its pipeline of projects.

“Originally, we were focused on market entry,” Halligan explains. “But since 2014, we’ve focused on a commercialization strategy by building out a pipeline of projects. We’re trying to differentiate ourselves through innovation and technology. [This deal] really opens the door for us.”

Indeed. Typically, the turbine provider has leaned on the China Development Bank for financing.

“If you want to finance U.S. wind projects, you have to go with the local institutions,” explains Halligan, who uses “local” as in the U.S., where tax equity providers, such as Citi, that pay huge sums of U.S. income tax can monetize tax credits.

To say the deal caused market waves may be an overstatement. That said, tax equity providers took notice.

“If the number of inquiries in my inbox is an indication,” Halligan chuckles, “I would say the marketplace has taken notice.”

Indeed, it has been a big 12 months at Goldwind. In November, the turbine provider entered into an exclusive agreement with Viridis Eolia LLC, a Wyoming corporation, for the conditional supply of up to 1,870 MW of Goldwind’s PMDD wind turbines.

Two weeks later, Goldwind unveiled a 3 MW smart wind turbine platform, the GW3S, which features scalable capacity, smart turbine controls and a structured design. The platform design maintains Goldwind’s PMDD technology and incorporates attributes from the GW1.5 MW and GW2.5 MW platforms, including availability and performance.

Clearly, the company hopes to continue its winning streak and hints at several upcoming announcements in the commercial and industrial market, as well as with Phase II of the Rattlesnake project.

Mar 23, 2017

By Alexandre Spatuzza in Sao Paulo

Australian power company Pacific Hydro started the construction of the 82MW Punta Sierra wind farm – its first in Chile – targeting the start of commercial operations in 2018.

The company, which is controlled by China’s State Power Investment Corporation (SPIC), announced the start of construction works in the presence of energy minister Andrés Rebolledo.

Total investment in the project is estimated at $150m and it will be built with 32, 2.5MW Goldwind machines at hub heights of 150 metres.

Pacific Hydro has been developing Punta Sierra, located in the country’s northern Coquimbo province, since 2008 when the first wind measurements were carried out.

Pacific Hydro has approximately 500MW of operational hydroelectric power plants in Chile and operates 58MW of wind capacity in Brazil.

Goldwind is also growing its presence in the region, with more than 100MW of turbines spinning in Chile, Ecuador, Panama, Bolivia and Cuba.

Since being taken over by SPIC, Pacific Hydro’s Chile manager José Valés has told local press the company wants speed up energy projects in Chile, focusing on wind, hydro and PV.

Chile currently has about 1GW of wind installed and a target to reach a 70% renewable power supply by 2050.



Multimedia

  • Findlay Wind Project Drone Video

  • Corporate Video

  • PMDD 2.5 MW Turbine

  • 2.5MW Turbine 3D

  • Goldwind 3MW(S) Prototype Turbine, Texas

  • Goldwind Americas Product Showcase