Goldwind achieves 'Commercially Proven Status' in North American market

   Goldwind achieves 'Commercially Proven Status' in North American market

Achievement as prescribed by GL Garrad Hassan widely regarded as the final
threshold to be considered 'financeable' in North America

PR Newswire

CHICAGO, Sept. 10, 2013

CHICAGO, Sept. 10, 2013 /PRNewswire/ --Officials with Goldwind have announced
that the company has achieved the fourth and final milestone of GL Garrad
Hassan's criteria for 'Commercially Proven Status' in North America: 100
equivalent wind turbine years of operation above 95% availability in the
market. In fact, the 1.5MW permanent magnet direct-drive platform operating in
North America has been independently validated by a leading European
independent engineer at above 98% average availability – well above that which
is required to satisfy the standard.This milestone is widely regarded among
western industry participants and financiers as the final threshold to be
considered "financeable."


Though banks and developers may not explicitly rely on the GL Garrad Hassan
qualification of 'Commercially Proven' (found within their Technical Memo on
Turbine Reliability Risk Assessment) to determine commercial viability, this
milestone is widely regarded among western industry participants and
financiers as the final threshold to be considered "financeable." 

"I am proud of the team we've assembled at Goldwind USA. Over the past three
years each member has had to execute on our market entry strategy to achieve
this milestone. Having recently sold our 109.5MW Illinois wind farm to a
western buyer and having closed a $71 million project financing with western
lenders in Panama, we are excited that this performance milestone further
advances our calculated and measured market entry plan and unlocks vast new
pools of capital for our customers," noted CEO of Goldwind in the Americas,
Tim Rosenzweig.

According to Nancy Cook, Director of Marketing & Strategy for the Americas,
"Goldwind has enjoyed exceptional performance across a number of continents
and we are pleased to report the same for products here in North America
despite a highly dispersed fleet of varied wind farm sizes and locations.This
milestone is simply another box to check and Goldwind plans to continue
engaging leading independent engineers as part of our commitment to quality
and performance."

About Goldwind

Xinjiang Goldwind Science & Technology Co., Ltd., is the largest manufacturer
of wind turbines in China, and among the largest in the world. With strong R&D
capabilities, Goldwind is the world's largest manufacturer of permanent magnet
direct-drive wind turbines, representing the industry's next generation
technology. Goldwind is listed on the Shenzhen Stock Exchange (stock code
002202) and The Stock Exchange of Hong Kong (stock code 2208).

As of December 31, 2012, Goldwind's accumulated wind power installations
exceeded 15 gigawatts, and it has installed more than 12,000 wind turbine
units around the world. That wind power generation capacity is equivalent to
12 million tons of coal saved per year or 29.91 million tons of carbon
emissions reduced per year or 16.4 million cubic meters of newly planted

For more information, please visit

Goldwind Media Contact:

Colin Mahoney

SOURCE Goldwind

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