Goldwind USA And InterEnergy Holdings Agree On Terms For 215MW Wind Project In
Deal Represents Goldwind's Largest International Order
CHICAGO, April 24, 2014
CHICAGO, April 24, 2014 /PRNewswire/ --Goldwind USA, the US subsidiary of
Xinjiang Goldwind Science & Technology Co., Ltd. (Shenzhen Stock Exchange:
002202, the Stock Exchange of Hong Kong Limited: 2208), announced today that
it has received an order from InterEnergy Holdings to supply 86 of its 2.5MW
Permanent Magnet Direct-Drive (PMDD) turbines for the 215MW Penonome wind
project in the province of Cocle, Panama. The order is Goldwind's largest
international sale to date. In addition to supplying 215MW of wind turbines,
Goldwind will provide a long-term maintenance program.
Goldwind's 2.5 MW PMDD turbines operating in Panama earlier this year.
"This sale is further evidence of the strength and technological advantages of
Goldwind's 2.5MW platform and highlights Goldwind's established track record
of developing strategic relationships with key customers and local partners in
each of the markets we serve," said David Halligan, Chief Executive Officer of
Goldwind USA. "Goldwind is pleased to have completed this sale to InterEnergy
Holdings and to assist in bringing clean and cost-efficient energy to Panama.
A deal of this size with a well respected partner like InterEnergy, which is
backed by the World Bank's International Finance Corporation, speaks volumes
to the efforts of our team and to the validity of our PMDD technology."
"InterEnergy is delighted to be working with Goldwind on the Penonome
project", said Rolando Gonzalez Bunster, Chairman and Chief Executive Officer
of InterEnergy Holdings. "This will be InterEnergy's largest investment in a
renewable energy project to date, and will most certainly be an industry
reference not only in Panama but in the entire region, for its size and
importance. The partnership with Goldwind will be key to the success of this
The global leader in the deployment of PMDD turbines, the Goldwind portfolio
of 1.5 and 2.5MW permanent magnet direct-drive wind turbines are designed for
high power generating efficiency, superior power quality and grid code
compliance, and significantly reduced maintenance and total operating
expenditures. Unlike a gearbox-driven turbine, the permanent magnet
direct-drive design reduces the number of high-speed rotational parts and
avoids the sources of expensive faults that require crane mobilization. The
Goldwind PMDD turbine dramatically reduces cost wind generation over the life
of a project.
Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) is the largest
manufacturer of wind turbines in China, the second largest by market share
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).
Chicago-based Goldwind USA serves as the headquarters for operations in North
Established in early 2010, Goldwind USA leverages a global network
of offices and partnerships to offer a variety of wind power solutions
including sales and service platforms to customers and strategic partners
throughout the Americas.
InterEnergy Holdings (InterEnergy) is a holding company that owns and operates
power generation and distribution assets in Latin America and the Caribbean.
Its predecessor, Basic Energy Ltd., led by power entrepreneur Rolando
Gonzalez Bunster, had near 25 years of investment and operational experience
in the power sector having acquired and developed over 1,500MW in the
Dominican Republic, Argentina, Panama and Jamaica.
Today, InterEnergy is one of the largest investors in the power sector of the
Dominican Republic, with over 1,300MW of combined installed capacity in its
portfolio. The company is also a renewable energy pioneer in the region,
establishing the first wind generation park in theDominican Republic in 2011,
a partnership between EGE Haina and CEPM, two of InterEnergy's portfolio
companies, in Juancho Los Cocos. The park, which was recently expanded, has
over 86 MW of aggregate installed capacity.
In February 2013, the World Bank's International Finance Corporation acquired
a minority equity interest in InterEnergy. This investment marked the
beginning of an important expansion phase for InterEnergy, with the continuous
focus of bringing efficient, clean and cost-effective energy to our region.
The investment in Gas Stream of Chile, a LNG distribution business, was
InterEnergy's first foray outside the Dominican Republic. The company expects
to announce additional investments and acquisitions throughout the region in
the near future.
CONTACT: Colin Mahoney
Mahoney Communications Group
Photo - http://photos.prnewswire.com/prnh/20140424/78232
SOURCE Goldwind USA, Inc.
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