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Goldwind Participates in HUSUM Wind Energy 2010

(Husum September 21, 2010) Xinjiang Goldwind Science and Technology Co. Ltd. (Goldwind), China’s leading wind turbine developer and manufacturer, makes its debut in the HUSUM Wind Energy 2010, one of the largest and most influential wind energy expositions in the world (21-25, September, in Husum, Germany). By jointly participating in the expo with its German subsidiary Vensys Energy AG (Vensys), Goldwind demonstrates its strong determination to further expand its business into the international market, especially the European market.

Goldwind brings to the show its full-spectrum wind power solutions, with emphasis on the company’s cutting-edge Permanent Magnet Direct Drive (PMDD) technology as well as its 1.5 MW and 2.5 MW PMDD wind turbines. Goldwind also presents its strong capabilities in comprehensive wind power services as well as wind farm investment and development.
 
Vensys is an innovator in direct drive wind turbine technology, with 20 years of industry-leading R&D experience. The two companies have been partnering since 2002 in joint development of PMDD technology. In 2008, Goldwind purchased 70 per cent of the Vensys equity to further strengthen their long-term strategic alliance. Now Goldwind and Vensys have expanded this partnership into all major business areas, including R&D, manufacturing, marketing & sales, human resources and capital, with the goal of better integrating the two companies´ resources and achieving a more fruitful and mutually-beneficial partnership in the future.
 
As Goldwind’s key R&D, manufacturing, marketing and sales platform in the European market, Vensys is now playing a critical role in the company’s globalization strategy. Together with Vensys, Goldwind now has over 2,000 PMDD wind turbines in operation across the world, making it the world’s largest PMDD manufacturer.
 
As a top player in the Chinese wind power sector, Goldwind holds a leading position in the largest and fastest-growing wind power market in the world. Goldwind´s outstanding track record places it at the forefront of China’s wind turbine manufacturers. The company’s sales recorded a compound annual growth rate of over 100 per cent for nine consecutive years from 2000. The company has established nine production bases, including one in Germany, with a total annual production capacity of over 3000 units. In 2009, Goldwind was ranked the fifth largest wind turbine manufacturer globally in terms of newly installed capacity. As of the end of second quarter 2010, Goldwind´s global sales amounted to over 8,000 turbines.
 
Goldwind possesses state-of-the-art technologies and strong R&D capabilities, and is the pioneer of PMDD wind turbine development and production in China. With PMDD technology, Goldwind’s products are highly competitive and reliable, featuring low operation and maintenance costs as well as superior grid connectivity. The technology, which represents the world’s latest wind power generation technological trend, has been recognized by more and more customers worldwide.
 
Goldwind has established wholly-owned subsidiaries in the U.S. and Australia and has plans to set up more overseas branches in the near future. Goldwind believes in globalization through localization, rather than exporting products to fulfill its global sales orders.
 
Goldwind was listed on China’s Shenzhen Stock Exchange in 2007.

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