Goldwind

Goldwind, formally Goldwind Science & Technology Co., Ltd., is a Chinese multinational renewable-energy company best known for manufacturing wind turbines. Its activities extend across wind-turbine research and development, engineering, manufacturing, project investment, wind-farm development, operations and maintenance, technology services, battery energy storage, and emerging green-chemical applications. The company is headquartered in Beijing and has roots in Xinjiang, where its predecessor helped establish one of China's earliest commercial wind farms. The company's origins are connected to Xinjiang Wind Energy and the Dabancheng wind farm. A Danish government grant supported the project, which opened in 1989 with thirteen 150-kilowatt turbines supplied by Danish manufacturer Bonus Energy. Goldwind subsequently developed through China's state-supported 863 research program. Funding from that program helped establish an assembly plant in Urumqi and enabled a technology-transfer relationship with German turbine specialist Vensys. Goldwind later acquired Vensys's permanent-magnet direct-drive technology, a decision that became central to its product strategy. Goldwind initially produced geared turbines, including 600-kilowatt and 750-kilowatt designs associated with German engineering and Jacobs technology. Over time, the company shifted toward permanent-magnet direct-drive, or PMDD, machines. This architecture avoids a conventional gearbox and became the foundation of many of Goldwind's onshore and offshore platforms. The company also developed medium-speed permanent-magnet products for larger turbines and expanded its portfolio for international markets. Goldwind grew rapidly during China's wind-power expansion. In 2010, it obtained a large low-interest development loan from China Development Bank to support expansion. It was described as the world's largest turbine manufacturer in 2015, although Vestas later surpassed it. Goldwind regained the leading global manufacturer position in 2022 and was reported as the leading manufacturer globally in 2024, with approximately 18.7 gigawatts of turbines installed during that year. Its cumulative installations have reached well over 100 gigawatts, with activity across six continents and projects in dozens of countries. The company remains particularly strong in China, where it has maintained an estimated annual market share of roughly 20% to 25% for an extended period. Outside China, its installed base includes significant activity in Australia, Brazil, Chile, the United States, Pakistan, Egypt, Uzbekistan, Vietnam, South Africa, Thailand and Panama. Goldwind's overseas business includes both equipment sales and participation in wind-farm development, ownership, construction, operations and services. Goldwind Americas is based in Chicago and has supported turbine installations, project development and service operations in the United States and Latin America. Goldwind Australia markets wind and battery-storage products while also developing and operating renewable-energy assets. Goldwind's turbine range includes onshore platforms such as the international GW136, GW155 and GW165 models, as well as larger medium-speed permanent-magnet platforms. Its offshore portfolio includes the 16-megawatt GWH252 and the announced 22-megawatt GWH300. Product specifications and model availability vary by market, and the company also offers larger rotor configurations for China's rapidly expanding wind sector. Beyond turbines, Goldwind is positioning itself as an integrated renewable-energy systems company. Its activities include battery energy-storage systems, hybrid wind-solar projects, energy-system integration and services connected with green hydrogen and green methanol. This broadening reflects a strategy of participating in multiple parts of the energy transition rather than remaining solely an original-equipment manufacturer. Goldwind's ownership structure has included substantial hold…

Goldwind's history is rooted in the development of wind power in Xinjiang. Its predecessor, Xinjiang Wind Energy, participated in the creation of the Dabancheng wind farm with support from a Danish government grant. The wind farm opened in 1989 with thirteen 150-kilowatt turbines supplied by Bonus Energy of Denmark. The project became an early demonstration of utility-scale wind generation in China and provided a foundation for local technical and industrial capabilities. Goldwind was subsequently formed through China's state-supported 863 Program, a national research and technology initiative. Wu Gang is identified as the company's founder. Program funding helped the enterprise establish its first assembly plant in Urumqi and pursue foreign technology cooperation. A technology-transfer agreement with German manufacturer Vensys was particularly important. Goldwind later acquired Vensys's permanent-magnet direct-drive technology in 2008, giving it a proprietary technological foundation for a major part of its later product range. The company began with conventional geared turbine designs. In 1998 it started producing 600-kilowatt Jacobs turbines, including the Jacobs 43/600 and Jacobs 48/600, followed by larger 750-kilowatt-related designs. These products were associated with German engineering consultancy aerodyn Energiesysteme and reflected the technology base available to Goldwind during its early manufacturing phase. The company gradually moved away from geared machines and came to focus almost exclusively on permanent-magnet direct-drive turbines. Goldwind expanded during the rapid growth of China's wind industry in the 2000s and 2010s. It had approximately 1,500 employees in 2009. In 2010, China Development Bank provided a reported 6-billion-dollar low-interest loan as part of the company's expansion plan. Goldwind was described as the world's largest wind-turbine manufacturer in 2015, but Vestas overtook it in 2019. The company later recovered the top position in 2022 and was reported to rank first globally in 2024. International expansion became a more visible part of the business. Goldwind established operations and subsidiaries in Asia, Europe and the Americas, and developed a significant presence in Australia. Goldwind Americas, headquartered in Chicago, installed approximately 500 megawatts of PMDD turbines and participated in the acquisition and development of two Texas projects: the Rattlesnake Wind Project and the Heart of Texas Wind Project. Goldwind also supported the Penonome I and Penonome II wind farms in Panama, with a combined capacity of 270 megawatts, and maintained service operations in Chile. Goldwind Australia combines equipment sales with renewable-project development and operations. The company has broadened its technical scope as turbine sizes increased. Its international onshore range includes turbines in the approximately 4.8-to-6-megawatt class, while medium-speed permanent-magnet platforms extend into the 7-to-8-megawatt range. In offshore wind, Goldwind has installed multiple gigawatts and has promoted the 16-megawatt GWH252. In 2024 it announced the larger GWH300, a 22-megawatt offshore design. In parallel, Goldwind has developed activities in battery storage, renewable-energy integration and green chemicals. Its stated direction is to combine wind, solar and battery energy storage and to participate in green-hydrogen and green-methanol production. This evolution places Goldwind between a conventional turbine original-equipment manufacturer and a broader renewable-energy systems and project company. The company has retained a strong Chinese market position while building installations and service operations across international markets.

1. 2025Strong position in BNEF manufacturing rankings

   The cited material reports Goldwind ranked first for onshore and second for offshore turbine manufacturing.

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2. 2024GWH300 offshore platform announced

   Goldwind announces a 22-megawatt offshore turbine and reports substantial annual installations and international activity.

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3. 2022Global manufacturing lead regained

   The reference material states that Goldwind again passed Vestas in global turbine-manufacturer rankings.

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4. 2017US project financing advances

   Goldwind obtains reported tax-equity financing commitments for the Rattlesnake wind project in Texas.

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5. 2015Reported as the world's largest turbine manufacturer

   Goldwind is described in the reference material as having become the largest wind-turbine manufacturer globally.

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6. 2010Expansion financing arranged

   Goldwind receives a reported low-interest loan from China Development Bank to support expansion.

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7. 2009Workforce reaches approximately 1,500

   The cited reference material reports that Goldwind employed about 1,500 people.

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8. 2008Permanent-magnet direct-drive technology acquired

   Goldwind acquires PMDD technology from German partner Vensys, establishing a core technology platform for subsequent turbine generations.

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9. 1998Early turbine production begins

   Goldwind begins producing 600-kilowatt Jacobs turbine models and later develops related 750-kilowatt designs.

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10. 1989Dabancheng wind farm opens

    Goldwind's predecessor, Xinjiang Wind Energy, helped establish the Dabancheng wind farm with Danish support and thirteen 150-kilowatt Bonus Energy turbines.

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A vertically integrated Chinese wind-power and renewable-energy technology provider combining turbine manufacturing with project development, services, storage and broader energy-system integration.

• PMDD onshore turbine platformsOnshore wind turbines

  Goldwind's permanent-magnet direct-drive onshore turbines form the core of its international product portfolio. Cited international models include the GW136 at 4.8 megawatts, GW155 at 4.8 megawatts and GW165 at 6.0 megawatts. The direct-drive architecture is designed to reduce dependence on conventional gearboxes and is offered in multiple rotor and power configurations for different wind regimes.

• Medium-speed permanent-magnet platformsOnshore and offshore wind turbines

  Goldwind's medium-speed permanent-magnet range is intended for larger turbine applications. Listed international examples include the GWH170 at 7.2 megawatts, GW171 at 6.0 megawatts, GWH175 at 7.8 megawatts, a 6.2-megawatt GWH platform and the GWH182 at 8.0 megawatts. Model availability and specifications differ between China and overseas markets.

• GWH252Offshore wind turbine

  The GWH252 is identified as Goldwind's principal offshore model around 2024, with a rated capacity of 16 megawatts. It represents the company's move toward very large offshore machines and is part of an offshore portfolio with several gigawatts of cumulative installations.

• GWH300Offshore wind turbine2024

  The GWH300 is a 22-megawatt offshore turbine announced by Goldwind in 2024. The reference material describes a prototype installation as expected in 2025. It is positioned as a next-generation platform for the continued increase in offshore turbine scale.

• Battery energy-storage systemsEnergy storage

  Through its energy-storage activities, including Goldwind BESS, the company manufactures and integrates battery-storage systems. These products support Goldwind's broader strategy of combining wind generation, solar generation and storage into coordinated renewable-energy systems.

• Wind-power technology and project servicesRenewable-energy services

  Goldwind provides wind-power technology services, project investment and sales, wind-farm development, operations and maintenance, and technology-transfer services. These activities allow it to participate beyond equipment manufacturing and to support customers across the project lifecycle.

• 2024Announce the GWH300 offshore turbineProduct launch

  Offshore wind manufacturers were increasing turbine capacity to reduce the number of machines needed for large projects and improve project economics.

  What changed. Goldwind announced the 22-megawatt GWH300 offshore turbine, with a prototype installation expected in 2025.

  Aftermath. The announcement extended Goldwind's offshore product roadmap beyond its 16-megawatt GWH252 platform.

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• 2010Fund large-scale expansionStrategy

  Goldwind was expanding during a period of rapid growth in China's wind-power market and required substantial capital to increase manufacturing and project capacity.

  What changed. The company obtained a reported low-interest loan from China Development Bank as part of its expansion plan.

  Aftermath. The financing supported Goldwind's scale-up and international growth, although the cited material does not provide a detailed allocation of the funds.

  Reported low-interest loan. USD 6 billion loan reported (2010)

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• 2008Adopt permanent-magnet direct-drive technologyStrategy

  Goldwind's earlier turbine production used conventional geared designs, while the company was seeking a technology base suited to larger and more efficient wind turbines.

  What changed. Goldwind acquired permanent-magnet direct-drive technology from Vensys and subsequently made PMDD machines central to its product strategy.

  Aftermath. The decision shaped Goldwind's later onshore and offshore turbine portfolio and helped differentiate the company from manufacturers centered on conventional geared drivetrains.

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• Broaden from turbine manufacturing to integrated energy systemsStrategy

  The growth of hybrid renewable projects and the need to balance intermittent generation have increased demand for storage and integrated energy solutions.

  What changed. Goldwind expanded into battery energy storage, wind-solar integration, green hydrogen and green methanol activities alongside turbine manufacturing and project services.

  Aftermath. The expansion positioned Goldwind as a broader renewable-energy systems provider, although the source material does not specify a single announcement date or financial result.

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• 2025Goldwind identified as a leading global wind-turbine manufacturer

  Bloomberg New Energy Finance ranked Goldwind first in onshore turbine manufacturing and second in offshore turbine manufacturing in 2025, according to the cited reference material.

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• 2024Goldwind reported as the world's leading turbine manufacturer

  The reference material states that Goldwind ranked first globally in 2024 after surpassing Vestas again in the global manufacturer ranking in 2022.

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• 2024Goldwind announces the GWH300 offshore turbine

  Goldwind announced a 22-megawatt offshore turbine platform, designated GWH300, with a prototype installation expected in 2025.

  Product launchProduct generation
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• 2022Goldwind regains the global turbine-manufacturing lead

  The reference material reports that Goldwind passed Vestas again in global turbine-manufacturer rankings.

  Other
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• 2017Goldwind secures US tax-equity commitments for the Rattlesnake project

  A Berkshire Hathaway Energy unit and Citi reportedly committed tax-equity financing for Goldwind's 160-megawatt Rattlesnake wind project in Texas.

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• 2010Goldwind is listed on the Hong Kong Stock Exchange

  The Hong Kong listing expanded Goldwind’s public-market financing base after its earlier mainland listing and supported the company’s international corporate profile.

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• 2008Goldwind completes acquisition of Vensys Energy AG

  Goldwind acquired German wind-turbine technology company Vensys, strengthening its access to European engineering capabilities and supporting the international development of its direct-drive wind-turbine platform.

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1. Goldwind
2. Goldwind is listed on the Hong Kong Stock Exchange
3. Goldwind completes acquisition of Vensys Energy AG