Goldwind wins wind energy order of 76.5 MW in Ethiopia

Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind”, Hong Kong Stock Exchange: 2208; Shenzhen Stock Exchange: 002202), one of the leading manufacturers of wind turbines and a provider of total wind power solutions in China announced it has signed a wind power equipment supply contract with HydroChina International Engineering Co., Ltd. ("HydroChina International") for wind farm projects in Adama, Ethiopia. Under the agreement, Goldwind will install its first wind turbines in Africa.

The contract includes 34 wind turbines of its 1.5MW direct-drive permanent magnet wind turbine. The wind turbines will be delivered in three batches between March and June 2011. In addition, the two sides will enter into a 5-year operation and maintenance service contract.

Adama wind farm is located in central Ethiopia, about 95km northeast from the capital, Addis Ababa. The project is a further step in Goldwind’s internationalization strategy. The company has already installed turbines in Cuba and the US, and recently signed a deal to supply a 106.5MW project in Shady Oaks, Illinois, USA.

Goldwind chairman and CEO Mr. Wu Gang said: "We’re grateful for HydroChina’s recognition of Goldwind’s capabilities. We will exceed customer expectations of product quality and after-sales service so that the Adama wind farm serves as a model for clean energy projects and establishes a good image for Chinese wind power equipment in the African market. "

Goldwind’s entrepreneurial team began operating wind farms in 1989, when they built Asia´s largest commercial wind farm in Dabancheng, Xinjiang. Since 1997, they have focused on independent innovation in the development of wind turbines, growing Goldwind into one of the world´s leading wind power equipment business.

State-owned Xinjiang Goldwind Science & Technology Co., the fifth-largest wind turbine manufacturer in the world, established Goldwind USA last year. China’s Goldwind has won its bid for the 106.5MW Shady Oaks wind farm in Illinois, marking a significant victory for the Chinese wind power industry. China now has at least two manufacturing companies among the world’s top ten (Sinovel and Goldwind).