China’s Goldwind Wins Orders for Two U.S. Wind Projects

Xinjiang Goldwind Science and Technology Co. Ltd. won orders for its wind turbines from U.S. clients, helping the Chinese manufacturer expand in the second- biggest energy market and compete with General Electric Co. (GE)

Goldwind will supply five 1.5-megawatt direct-drive machines to wind farms in Ohio and Rhode Island, the Shenzhen- traded company said today in a statement. The Gilbane Building Co. will use three turbines at a Rhode Island project providing power to a wastewater treatment plant in Providence. V.H. Cooper & Co. Inc. will install the other two at a wind farm in Ohio.

With this deal China’s second-largest wind-turbine maker after Sinovel Wind Group Co. has sold 120 megawatts since setting up in the Americas. Urumqi, China-based Goldwind is focusing overseas sales on Australia, the U.S. and South Africa, Garth Heron, the company’s associate director of international business, said in March. Goldwind has nine factories in China and is able to manufacture 4,000 1.5-megawatt turbines annually.

China’s wind-turbine makers, with little track record in the U.S. or Europe, have decided exporting is a “strategic target” for them, Chinese newswire Xinhua reported. Chinese solar-panel makers last year supplied more than half the world market for the first time, competing with German, Japanese and U.S. manufacturers, according to Bloomberg New Energy Finance.

Chinese manufacturers are boosting exports as they build on expertise gained in supplying the majority of units for their own market and turning it into the world’s largest installed base of wind power. In the U.S., Fairfield, Connecticut-based GE is the biggest wind-turbine supplier.

In December, Goldwind said it will sell power to Commonwealth Edison, a unit of Exelon Corp. (EXC), from its Illinois project, the first large U.S. wind farm using Chinese-made turbines.

Goldwind’s shares have dropped 24 percent this year in Shenzhen trading, compared with a 5.2 percent gain in the 64- member Bloomberg Wind Energy Index as of 12:28 a.m. in New York.

China is the world’s largest energy consumer, according to the International Energy Agency.

--Wang Ying in Beijing and Todd White in Madrid. Editors: Donna Alvarado, Will Wade

To contact the reporter on this story: Ying Wang in Beijing at ywang30@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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