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Goldwind Starts Work on Biggest Overseas Wind Farm in Australia

Xinjiang Goldwind Science & Technology Co. (2208), China’s biggest maker of wind turbines, started work on a 165.5-megawatt wind farm in the Australian state of New South Wales as its home market faces a supply glut.

The company will supply 17 1.5-megawatt turbines and 56 2.5-megawatt turbines to the Gullen Range project, Goldwind said today in an e-mailed statement, without disclosing financial details. The venture will be its biggest overseas wind farm.

Goldwind is expanding in Australia and the U.S. as demand slows at home. China, whose wind-turbine manufacturers are responsible for 40 percent of the world’s output, will see a 20 percent decline in annual installations to 16.4 gigawatts this year, according to researcher Bloomberg New Energy Finance.

Goldwind said in June it will deliver four turbines to the Georgia Mountain wind farm in the northwestern U.S. state of Vermont.

Transgrid is designing and building the grid networks for the Australian project, scheduled for completion by December 2013.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

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

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