Wind Energy Goldwind Rides a Wave of Momentum into Windpower 2011

As Goldwind Science and Technology Co., Ltd. prepares for its second appearance at the world’s largest wind energy industry tradeshow as an exhibitor at Windpower 2011 in Anaheim, the company is riding a wave of momentum having recently been named the 4th largest wind turbines manufacturer globally.

“Goldwind has enjoyed a great deal of international success during the past year. We have built a local presence and brand in each of the global wind farm markets we serve and we continue to deliver industry-leading, cutting edge technology to our customers,” said Wu Gang, Chairman and CEO of Goldwind. “We have achieved this growth and success thanks to our commitment to global expansion through localization and the hard work of our international network of talented and dedicated wind industry professionals.”

Sample highlights to Goldwind’s success in 2010:

– Goldwind became the 4th largest wind turbines manufacturer in the world by global market share;
– Established offices in the United States, Australia and Africa;
– Expanded global workforce to over 4,000 staff;
– Reached 6,000 MW of 1.5 MW PMDD installations;
– Began the development of a 6MW offshore wind turbine, which is expected to be launched early 2012 ;
– Won significant wind farm projects in the United States, China, Ethiopia, Pakistan and Australia – among others.

Goldwind’s recent success also demonstrates a rapidly growing adaptation of permanent magnet direct drive (PMDD ) technology by the global wind energy industry. With an installed base of over 6,000 MW of PMDD wind turbines globally, Goldwind is widely viewed as a global leader in the deployment of PMDD technology.

Goldwind executives cite the company’s commitment to a global supply chain as a major factor in its success. “The wind industry functions most effectively when it sources a variety of content and talent globally,” says Tim Rosenzweig, CEO of Goldwind USA. “In the Americas, we have built a domestic staff of wind industry veterans who have established a track record of success in the United States, Canada and South America, and my counterparts are engaging similar strategies in our other markets. Additionally, we have utilized local content and labor for our projects and continue to create opportunity and an undeniable economic impact for the local wind industry while maintaining a commitment to building the most efficient projects possible.”

Celebrating Agreements with US Suppliers

Goldwind’scommitment to globalization has resulted in the development ofturbines that represent a truly international approach to wind energy featuring content from a broad range of international suppliers includingcompanies from Germany, the United States, Australia, Sweden and China, among others. Goldwind will celebrate Windpower 2011 by signing content agreement deals with several American companies including:

– Ohio-based bearings manufacturer, The Timken Company, will sign a three-year cooperation deal with Goldwind to provide a range of technical services, products and aftermarket support for the development, supply and maintenance of advanced wind turbine components and systems. While financial details were not disclosed, the deal represents significant opportunity for new business for The Timken Company. This is not the first time Timken and Goldwind have partnered together as Timken signed a $26 million deal in 2010 to provide bearings for Goldwind’s 1.5MW and 2.5 MW turbines.

– Goldwind has signed a deal with North Dakota-based LM Windpower to provide blades for Goldwind’s projects in the Americas for 2011. The deal enables LM to manufacture blades for Goldwind’s 1.5MW and 2.5 MW PMDD platforms. The deal has enabled LM to retain jobs lost earlier this year at its Grand Forks facility. LM is nowGoldwind’s preferred blade supplier and Goldwind is LM’s biggest customer globally.

– Goldwind will also sign a cooperation agreement with Broadwind Towers, a tower fabricator with manufacturing locations in Texas and Wisconsin. Both locations will be fabricating tower components for Goldwind’s 109.5MW Shady Oaks project in Lee County, Illinois, as well as other projects in the Midwest, with the bulk of the production in the Manitowoc, WI facility from Q2 through early November.

Goldwind will welcome a large representation of its international team to Windpower 2011 with staff from China, the United States, Germany, and Australia making the trip to Anaheim.