China Goldwind in Chilean wind turbines deal

The company said in a statement without giving the deal financial details that the contract represents Goldwind second supply deal in South America and will have a combined capacity of 34.5 megawatts.

Earlier this year, the Chinese company won a contract to supply wind turbines to a wind farm in Ecuador led by the Electricity Corp of Ecuador.

China top wind turbine makers are increasingly looking to export their equipment overseas to boost sales amid sliding turbine prices and challenging market conditions in their home country.

Goldwind will supply low wind speed and high altitude turbines to Chile wind farm project. The company has begun mass production of its permanent magnet direct-drive low speed wind turbines this year to penetrate regions and markets with low wind speeds.

Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) is the second largest manufacturer of wind turbines in China, and the 4th largest globally. With strong R&D capabilities, the company is the world’s largest manufacturer of Permanent Magnet Direct Drive (PMDD) wind turbines, the industry’s next generation technology. Goldwind is listed on both the Shenzhen Stock Exchange (stock code: 002202) and the Hong Kong Stock Exchange (stock code: 2208).

As of September 30, 2011, Goldwind’s accumulated sales capacity of wind turbine reached over 10 GW, equivalent to 8 million tons of coal saved per year, 19.95 million tons of carbon emissions reduced per year, or 10.93 million cubic meters of newly planted forest.

By José Santamarta, www.goldwindglobal.com/