Goldwind Article

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Xinjiang Goldwind Science & Technology Co., Ltd.
Traded as SEHK2208
SZSE: 002202
Industry Wind power
Key people
Wu Gang ( CEO)
Products Wind turbines
  • HK$ 30.6 B (2016)
  • HK$ 37.06 B (2015)
  • HK$ 22.27 B (2014)
Number of employees
6,000 (2012)

Goldwind (parent company Xinjiang Goldwind Science & Technology Co., Ltd.) is a Chinese wind turbine manufacturer headquartered in Beijing, China. Goldwind was the largest wind turbine manufacturer globally (by installations) in 2015. [1] As of 2016, it was ranked 3rd for onshore and also 3rd for offshore turbine manufacturing by Bloomberg New Energy Finance. [2]


In 2008, Goldwind purchased their PMDD technology from a German company called Vensys. [3] Goldwind had 1,500 employees in 2009. It was the second-largest Chinese wind turbine manufacturer by 2011 market share and the third-largest in the world. In 2015, Goldwind became the largest turbine manufacturer in the world. [4]


With offices and facilities throughout Asia, Europe and the Americas, Goldwind employs over 6,000 staff and combined, has an installed capacity base of 38 gigawatts (GW) across six continents. Goldwind is principally engaged in researching, developing, manufacturing and marketing large-sized wind turbine generator sets. The company's major products include 1.5MW, 2.0MW, 2.5MW, and 3MW(S) [5] Permanent Magnet Direct-Drive (PMDD) wind turbine generators. The company also provides wind power technology services, investment and sale of wind power projects and technology transfer service.[ citation needed]

Goldwind Americas, a wholly owned subsidiary of Xinjiang Goldwind Science & Technology, Co., Ltd., is based in Chicago, IL and currently employs approximately 100 individuals. Goldwind Americas (Goldwind USA, Inc.) has installed approximately 500 MW of PMDD turbines. In 2016 and 2017, Goldwind acquired two Texas projects totaling a combined capacity of 300 MW. Once constructed, the Rattlesnake Wind Project [6] and Heart of Texas Wind Project [7] will be Goldwind's largest U.S. projects to date. In 2017, Goldwind obtained $140m in tax equity financing commitments from a unit of Berkshire Hathaway Energy and Citi for its 160MW Rattlesnake wind project in central Texas – easily the most financing of US origin yet secured by a Chinese turbine OEM in the U.S. market. [8] Goldwind Americas also manages and operates the company's Panamanian team, which oversees the Penonome I and Penonome II wind farms totaling 270 MW, and the Chilean service operations team.

For the financial year ended 31 December 2015, revenue from operations for the Group was RMB29,846. 00 million, representing an increase of 69.84% compared with RMB17,572.60 million for the financial year ended 31 December 2014. Net profit attributable to owners of the Company was RMB2,849.50 million, representing an increase of 55.74% compared with RMB1,829.68 million for the financial year ended 31 December 2014. The Group reported basic earnings per share of RMB1.05. [9]


Goldwind turbines in operation at a wind farm outside of Urumqi in Xinjiang, China

Goldwind turbines are exclusively PMDD machines.

Goldwind's initial use of the PMDD fully converted design came through its partner and eventual subsidiary VENSYS, with the VENSYS 62 which has been in operation since 2004.

PMDD Models above 1000 kW

  • 1.5 MW
  • 2.0 MW
  • 2.5 MW
  • 3 MW (S) (onshore & offshore)
  • 6.0 MW (offshore only)
  • 10 MW (offshore only)

Previous Generation Models below 1000 kW

  • 600 kW series wind turbine
  • 750 kW series wind turbine

See also


  1. ^ "Goldwind took 12.6% last year - FTI". Windpower Monthly. 3 March 2016. Retrieved 25 April 2016.
  2. ^ "BNEF 2016 wind turbine manufacturers ranking". Bloomberg New Energy Finance. 2017-02-22. Retrieved 2017-06-15.
  3. ^
  4. ^ IHS Emerging Energy Research. Gamesa back in wind top-five as GE drops out - analysts Global Wind Turbine Supply Market Share Evolution, 6 March 2012. Retrieved: 8 March 2012.
  5. ^ "Goldwind grid-links next-generation 3MW flagship". Recharge | Renewable energy news and articles. 2017-01-16. Retrieved 2017-08-08.
  6. ^ "Goldwind US financing milestone as Buffett and Citi bac". Recharge | Renewable energy news and articles. 2017-05-01. Retrieved 2017-08-08.
  7. ^ "Goldwind buys second 160MW Texas project". Recharge | Renewable energy news and articles. 2017-05-25. Retrieved 2017-08-08.
  8. ^ "Goldwind US financing milestone as Buffett and Citi bac". Recharge | Renewable energy news and articles. 2017-05-01. Retrieved 2017-08-08.
  9. ^ "GOLDWIND (02208.HK) - Company Profile". Retrieved 2017-06-15.

External links