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Goldwind Enters Pakistan Market

December 21, 2011 – Beijing, China

Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) announced that it has entered into an agreement with China Three Gorges Corporation (“Three Gorges”) to provide Three Gorges’ first wind power project in Pakistan with 33 units of GW77/1500 high-temperature Permanent Magnet Direct Drive (PMDD) turbines. The agreement also includes two years of operations and maintenance service.
 
This is Goldwind’s first order from Pakistan and South Asia and the first joint overseas project for Goldwind and Three Gorges, which marks another achievement in Goldwind’s global expansion. So far, Goldwind has expanded its global footprint with wind power projects on six continents.
 
The project is located in Jhimpir, Sindh, Pakistan, which has varied weather with an average temperature of 27 degrees Celsius. The district is semi-arid and dusty. To withstand this environment, Goldwind’s R&D team has designed the GW77/1500 high-temperature unit for use in a temperature range of -20 to 45 degrees Celsius with a sealed, dust-proof design.
 
During the signing ceremony, Bi Yaxiong, deputy general manager of Three Gorges, said, “This is Three Gorges’ first overseas wind power project. The reason why we have chosen Goldwind as the turbine provider and maintenance service provider is that we strongly believe in Goldwind’s R&D capabilities as well as product and service quality. Moreover, Goldwind has achieved remarkable results in its overseas expansion in recent years and has a wealth of experience in project development and turbine maintenance. The project will establish a strong framework for our future collaboration.”
 
Wu Gang, Chairman and Chief Executive Officer of Goldwind, said, “This project is our first in Pakistan and the South Asia region. It represents a significant corporate milestone and will provide an example for our future development. We must leverage our global project management experience and adhere to the highest standards of project execution so that this wind power project is a success for all stakeholders.”
 
Goldwind is currently constructing the Shady Oaks project in Illinois, the Adama project in Ethiopia, and the Mortons Lane project in Australia. Turbines for the Villonaco project in Ecuador, which Goldwind announced in August, are in transit. The Company also signed a contract for a project in Chile earlier this month.
 
Goldwind is pursuing a strategy of international expansion through localization. To date, Goldwind has set up more than 10 branches in North and South America, Australia, Europe and Africa, expanding its global footprint.
 
Goldwind is the world’s largest PMDD wind turbine manufacturer and a leading comprehensive wind power solutions provider. Goldwind was among the first in China to provide one-stop wind power services and wind farm investment and operation management. As Goldwind has expanded globally, it has extended its comprehensive wind power solutions to overseas markets.
 

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