 Logo as of 2024 | |
| SEHK: 2208 SZSE:002202 | |
| Industry | Wind power |
| Founded | 1998; 27 years ago (1998)[1] |
| Founder | Wu Gang |
| Headquarters | |
Key people | Wu Gang (Chairman) |
| Products | Wind turbines |
| Revenue |
|
Number of employees | 10,781 (2023) |
| Website | www |
Goldwind Science & Technology Co., Ltd., commonly known asGoldwind, is a Chinesemultinationalwind turbine manufacturer headquartered in Beijing, China.[2][3] Goldwind was astate-owned enterprise before 2007, with largest shareholders includingHexie Health Insurance,China Three Gorges Renewables Group, and theNational Social Security Fund, state-controlled corporations holding almost 40% shares.[3] Its founder, Wu Gang, is a Communist Party member and had a seat in the 12thNational People's Congress.[3]
In 2016, it was ranked third for onshore and also third for offshore turbine manufacturing byBloomberg New Energy Finance.[4]
Xinjiang Wind Energy, the predecessor of Goldwind, was founded by using a $3.2 million grant, given by theDanish government, which they used to build China's first wind farm at Dabancheng.[5] Dabancheng wind farm, opened in 1989, consisted of the thirteen small, 150 kilowatt, wind turbines made by Danish turbine makerBonus Energy.[5]
Goldwind was founded by Wu Gang as part of China government's863 Program and was funded by the state.[3] The funding helped Goldwind open its first assembly plant inUrumqi and signtechnology transfer agreement with a German turbine manufacturerVensys.[3]
In 2008, Goldwind purchased itspermanent magnet direct-drive (PMDD) technology from Vensys.[6] Goldwind had 1,500 employees in 2009.
In 2010, Goldwind acquired a $6bn low-interest loan from the government-ownedChina Development Bank as part of its expansion plan.[3]
In 2015, Goldwind became the largest turbine manufacturer in the world[7] but in 2019Vestas overtook them.
For 14 years up to 2024 it has been the first Chinese wind turbine manufacturer with a market share in China between 20-25% each year.
In 2022, Goldwind passed Vestas again and as of 2024 it was the first manufacturer globally. In 2024, 18.7 GW were installed by Goldwind (2.5 GW out of China). Its global market share is around 15% with activity in 38 countries. Total installations are around 140 GW, including 10GW out of China. Installations out of China are mostly in Australia (near 2 GW), Brazil (>1 GW), Chile, US, Pakistan, Egypt, Uzbekistan, Vietnam, South Africa, Thailand.
Goldwind has expanded its activity with the aim or becoming a global player in any kind of energy system including the integration of solar energy + wind + BESS. Goldwind BESS manufactures batery storage systems, the company is able to integrate different energy systemas and has a Green Chemical division that carry out the production of green H2 and green methanol.
With offices and facilities throughout Asia, Europe and the Americas, Goldwind employs over 10,000 staff and, combined, has an installed capacity base reaching almost 140 gigawatts (GW) across six continents. Goldwind is principally engaged inresearch,development,manufacturing andmarketing of large-sized wind turbine generator sets.
The company's major products include:
In China a wide range of products are offered with rotors over 190 m.
ForOff-shore wind turbines, the company has installed a total of 5,6 GW:
The company also provides wind power technology services, investment and sale of wind power projects andtechnology transfer service.[citation needed]
Goldwind Americas, a wholly owned subsidiary of Goldwind Science & Technology, Co., Ltd., is based in Chicago, Illinois, and currently[when?] 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[8] and Heart of Texas Wind Project[9] will be Goldwind's largest U.S. projects to date. In 2017, Goldwind obtained $140m in tax equity financing commitments from a unit ofBerkshire 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.[10] 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.
Goldwind Australia is the Australian subsidiary that owns and operates both wind and solar energy farms in Australia.
In 1998 Goldwind started the production of Jacobs 43/600 and Jacobs 48/600 turbines. This German wind turbine with conventional geared drive train is similar to HSW600 and was designed byaerodyn Energiesysteme GmbH.Later the design has been geared to Jacobs 48/750 and Goldwind by the German engineering consultancy aerodyn.
Nowadays Goldwind turbines are exclusively PMDD machines.
Goldwind's initial use of the PMDD fully converted design came through its partner and eventual subsidiaryVensys Energy, with the VENSYS 62 which has been in operation since 2004.
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