Goldwind Wind Farm Approved for Australian Grid

Xinjiang Goldwind Science & Technology Co., Ltd. ("Goldwind" or the "Group"; SZ stock code: 002202; HK stock code: 2208) is pleased to announce that Goldwind signed a grid connection agreement with TransGrid to connect Goldwind turbines to the Australian grid.

The wind turbines will be located at Goldwind’s Gullen Range Wind Farm in the New South Wales Southern Tablelands. This is the first wind power project in Australia to host Goldwind’s cutting edge 2.5MW Permanent Magnet Direct Drive (PMDD) wind turbines.

"Gullen Range is Goldwind’s second wind farm in Australia and the first to use 2.5 MW PMDD wind turbines. The project now has both a Grid Connection Agreement and a Power Purchase Agreement (PPA). We are looking forward to energising the wind farm in late 2013," said John Titchen, Managing Director of Goldwind Australia.

The Goldwind PMDD wind turbine has a full power converter that is highly controllable. No reactive plant will need to be installed at Gullen Range Wind Farm, which is to be connected to the TransGrid 330kV transmission network. Gullen Range is the first major wind farm to receive a connection agreement from TransGrid since early 2011.

The 2.5MW series are developed by Goldwind’s well-established global R&D team and the 2.5MW series is an evolution on its internationally recognized PMDD 1.5MW series which have over 6000 units commissioned.

"TransGrid’s connection agreement with Goldwind demonstrates our commitment to facilitate the connection of new generation into Australia’s national electricity market," said Mr. Peter McIntyre, Managing Director of TransGrid.

"The NSW transmission network is an efficient and secure platform to connect the Goldwind Gullen Range Wind Farm to the national grid, helping facilitate a competitive and efficient national electricity market," said Mr. McIntyre.

"The energy industry is undergoing a period of significant change and transmission networks will be a key facilitator in the shift to lower emission and renewable energy generation sources," he said.

The Gullen Range Wind Farm will consist of 73 Goldwind PMDD turbines. Under the grid connection agreement, the wind farm can generate up to 182.5MW. Construction is planned to begin in October 2012 with the wind farm scheduled to be energised in late 2013.

For more information on Gullen Range Wind Farm please visit www.gullenrangewindfarm.com

Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) is the largest manufacturer of wind turbines in China, and second largest globally. With strong R&D capabilities, the company is the world’s largest manufacturer of Permanent Magnet Direct-Drive (PMDD) wind turbines, representing 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 December 31, 2011, Goldwind’s accumulated installation capacity of wind turbines exceeded 12 GW, equivalent to 9.6 million tons of coal saved per year, 23.94 million tons of carbon emissions reduced per year, or 13.11 million cubic meters of newly planted forest.

www.goldwindglobal.com