Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind” or the “Company”, Shenzhen Stock Exchange: 002202, the Stock Exchange of Hong Kong Limited: 2208), is pleased to announce that our international business has achieved another success. Goldwind International Holdings (HK) Limited (“Goldwind International”), a wholly-owned subsidiary of the Company, has signed a 51MW wind turbine supply contract with Energoimport, a subsidiary of Union Electrica (UNE), in Cuba.
Under the contract, 34 units of Goldwind’s 1.5MW direct-drive permanent magnet (“DDPM”) wind turbines will be delivered to Cuba. The Company will also provide additional services including turbine transportation, installation, trial operations, and a 2-year warranty for maintenance. This is the second order Goldwind has won in Cuba following an order of 6 units of 750 kW wind turbines delivered in 2009.
The La Herradura project is located in the northwest of Las Tunas province and is 700 kilometres from La Habana, Cuba’s capital. The region has a marine climate and is a Class IIA wind speed area with an average speed of approximately 7.5 m/s. Goldwind will provide customised 77/1500 DDPM wind turbines to optimize its operating performance under local conditions.
All turbines are expected to be delivered by the end of 2014. The turbine installations are scheduled to be completed by June 2015, while connection to the local electric grid is scheduled to be completed by September 2015. According to our estimates, the power generated by this project will exceed 1% of Cuba’s total generation.
Mr. Yantian Pan, the deputy general manager of Goldwind International, commented, “Drawing on our experiences from the last few years of internationalisation, forging successful international partnerships depend on our comprehensive strengths. Our solid R&D capabilities have played a major role in our internationalisation strategy. By maintaining our principle or creating value for our customers and our “internationalisation through localisation” strategy, Goldwind has become competitive in international markets, and we are looking to solidify our advantages and continue to improve our market position.”.
As at June 30, 2013, Goldwind has delivered nearly 450MW of wind turbines to our overseas markets and has ongoing international business in 20 countries across 6 continents.
Xinjiang Goldwind Science & Technology Co., Ltd., is the largest manufacturer of wind turbines in China, and among the largest in the world. With strong R&D capabilities, Goldwind is the world’s largest manufacturer of direct-drive permanent magnet wind turbines, representing the industry’s next generation technology. Goldwind is listed on the Shenzhen Stock Exchange (stock code: 002202) and The Stock Exchange of Hong Kong Limited (stock code: 2208).
As at December 31, 2012, Goldwind’s accumulated wind power installations exceeded 15 gigawatts, and it has installed more than 12,000 wind turbine units around the world. That wind power generation capacity is equivalent to 12 million tons of coal saved per year or 29.91 million tons of carbon emissions reduced per year or 16.4 million cubic meters of newly planted forest.