Goldwind becomes No. 1 WTG maker in China; bags 3 US Orders

September 3, 2012

Goldwind became China’s number one WTG manufacturer in 2011 by installing the largest capacity in the country, pushing the previous year’s leader Sinovel to second place. Last year, Goldwind installed 3.6 GW, or 20.4 per cent of the Chinese market, while Sinovel, with 2.9 GW, could secure a 16.7 per cent of the market.

This year Goldwind has already bagged orders from three new customers in North America – Enel Green Power North America, Wind Energy Developers LLC, and Debenham Energy. Upon completion of the projects, the wind turbine manufacturer will have 13 projects operating in eight States of the United States, in addition to Ecuador and Chile. “The US market is particularly competitive and to succeed there demonstrates any global company’s ability to compete on an international scale,” said Wang Haibo, head of the Hong Kong-based Goldwind International.

Meanwhile, the company has signed a financial agreement with China Development Bank Corp. for wind power projects worth RMB 35 billion. The accord signed through its subsidiary Beijing Tianrun New Energy Investment Corp. also covers asset acquisition. The agreement comes after Goldwind received an RMB 10 billion credit facility from Industrial & Commercial Bank of China Ltd. in November 2011. The company is also on track to launch a prototype of its first 6-MW offshore turbine in the next three months.

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