Goldwind Science and Technology
Encyclopedia
Xinjiang Goldwind Science & Technology Company or Goldwind is a Chinese
government wind turbine
manufacturer based in Urumqi
, Xinjiang
. The company is one of the largest turbine
manufacturer in China
and one of the top five in the world.
Goldwind Science & Technology Co., Ltd. specializes in R&D, product development and the manufacturing of large-sized wind turbines. It is principally engaged in research
ing, developing, manufacturing
and marketing
large-sized wind turbine generator sets. The Company's major products include 600 kilowatt (kW), 750 kW, 1.2 megawatt (MW), 1.5 MW Permanent Magnet Direct Drive (PMDD) and 2.5 MW PMDD series wind turbine sets. The Company also provides wind power technology service, development and sale of wind power projects and technology transfer
service. During the year ended December 31, 2009, the Company installed 3669 sets of 750 kW wind turbine generator, 1583 sets of 1.5MW wind turbine generator, and 1 set of 2.5 MW and 3.0 MW wind turbine generator each. The Company distributes its products mainly within the domestic market with some installations in foreign markets such as three of its 1.5 MW wind turbines in Pipestone, Minnesota, USA.
Goldwind has enjoyed annual 100% market share growth for the last 8 years consecutively. In 2007, Goldwind Science & Technology Co., Ltd. reported that it has been holding 25.25% market share in China's wind power market, again ranking top amongst other suppliers.
In 1989, 13 BONUS 15 0KW WTGs introduced from Denmark and installed at Dabancheng, to form the largest wind farm in China and Asia at that time.
In 1998, newly established Xinfeng Scientific and Industrial Trade Co., Ltd. of Xinjiang undertook the national key scientific and technology project of the 9th Five-Year-Plan to develop 600 kW wind power generating sets.
In 1999, the 600 kW wind power generating set was successfully developed.
In 2000, the company started the tough task of converting itself from an R&D-oriented enterprise to a market-oriented enterprise and trying to achieve a “zero” sales breakthrough. It also became the first Chinese wind turbine manufacturer to achieve ISO9001 certification.
In 2001, the company changed completely to Goldwind Science & Technology Co., Ltd of Xinjiang. The new company was then authorized to undertake three national scientific and technological projects, namely the research and development of a “MW stall-regulated wind power generating set and its key components", which is part of the “863” plan of the State, industrial production technology of 600 kW wind power generating sets, and the development of 750 kW wind power generator sets, both of which are key scientific and technology projects for the State’s 10th Five-Year Plan.
In 2002, China’s first large-scale wind turbine assembly plant with an annual capacity of 200 units of 600KW~1MW WTGs was established.
In 2003, Goldwind became China’s largest wind turbine generator developer and manufacturer. VENSYS erected the first 1.2 MW prototype in Germany (1.5 MW direct-drive in production).
In 2005, the first 1.2 MW wind power generating set was put into operation in the Dabancheng wind farm
. The company received investment support from SeaBright Asset Management, Ltd., Hong Kong, a joint venture between China Everbright and Seagate Global Advisors under the direction of CEO William Lawton
.
In 2006, Goldwind Wind Energy GmbH was registered and established in Germany. In February, Goldwind Science & Technology Creation Wind Power Equipment Co., Ltd was established in Beijing
. In August, Goldwind won the tender for installation of 33 sets of 1.5 MW WTG, a project for the Beijing Olympic Games.
In 2006, Goldwind achieved a domestic market share
of 33% and ranked #10 globally based on annual installed capacity. Mr. Wu, Chairman and CEO of Goldwind, received the World Wind Energy Award
In 2007, the first batch of five 1.5 MW WTG sets were put into operation in the Dabancheng Wind Farm. On December 26 , Goldwind went public at the Shenzhen Stock Exchange
.
In 2008, the acquisition of VENSYS was completed. Goldwind achieved a global top-10 ranking in the past three consecutive years based on annual installed capacity.
In 2009, 2.5 MW permanent magnet, direct drive WTGs installed in China China, generation started in early February 2010
In 2010, to expand the publicly traded shares of Goldwind and raise international expansion capital, over $1Billion was raised in an IPO on the Hong Kong Exchange with cornerstone investors from both Asia and North America. Offices were set up in the USA and Australia as well as installing its first three wind turbines in the USA.
By December 31, 2008, Goldwind had sold 3,527 wind turbines totally, with a cumulative capacity of 2894.1 MW. In 2008, the wind power market maintained rapid growth in China, the company had sufficient orders
. The company has not only a large number of orders for 1.5 MW units, but 750 kW units were still favored by the market. New orders of 1532.25 MW were increased, including 750 kW units for 804.75 MW, and 1.5 MW units for 727.5 MW; By the end of 2008, the company implemented a total capacity of orders for 1541.25 MW, including 750 kW units for 170.25 MW, and 1.5 MW units for 1371 MW. In addition, the company achieved a breakthrough in international sales by signing a supply agreement of 6 sets of 750 kW units with ENERGOIMPORT company in Cuba
and shipped them in December, it achieved a revenue of 33,223,700 RMB.
In addition to the signed orders, the company won the bid of 811.50 MW of the 10,000,000 kW Base Project in Jiuquan
, Gansu Province, which has laid a good market foundation for continued development in next two years.
Models Above MW
R&D Models
China is expected to invest heavily in wind energy
, giving Goldwind good prospects for growth according to a KGI Securities forecast.
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
government wind turbine
Wind turbine
A wind turbine is a device that converts kinetic energy from the wind into mechanical energy. If the mechanical energy is used to produce electricity, the device may be called a wind generator or wind charger. If the mechanical energy is used to drive machinery, such as for grinding grain or...
manufacturer based in Urumqi
Ürümqi
Ürümqi , formerly Tihwa , is the capital of Xinjiang Uyghur Autonomous Region of the People's Republic of China, in the northwest of the country....
, Xinjiang
Xinjiang
Xinjiang is an autonomous region of the People's Republic of China. It is the largest Chinese administrative division and spans over 1.6 million km2...
. The company is one of the largest turbine
Turbine
A turbine is a rotary engine that extracts energy from a fluid flow and converts it into useful work.The simplest turbines have one moving part, a rotor assembly, which is a shaft or drum with blades attached. Moving fluid acts on the blades, or the blades react to the flow, so that they move and...
manufacturer in China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
and one of the top five in the world.
Goldwind Science & Technology Co., Ltd. specializes in R&D, product development and the manufacturing of large-sized wind turbines. It is principally engaged in research
Research
Research can be defined as the scientific search for knowledge, or as any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method...
ing, developing, manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
and marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
large-sized wind turbine generator sets. The Company's major products include 600 kilowatt (kW), 750 kW, 1.2 megawatt (MW), 1.5 MW Permanent Magnet Direct Drive (PMDD) and 2.5 MW PMDD series wind turbine sets. The Company also provides wind power technology service, development and sale of wind power projects and technology transfer
Technology transfer
Technology Transfer, also called Transfer of Technology and Technology Commercialisation, is the process of skill transferring, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among governments or universities and other institutions to ensure that...
service. During the year ended December 31, 2009, the Company installed 3669 sets of 750 kW wind turbine generator, 1583 sets of 1.5MW wind turbine generator, and 1 set of 2.5 MW and 3.0 MW wind turbine generator each. The Company distributes its products mainly within the domestic market with some installations in foreign markets such as three of its 1.5 MW wind turbines in Pipestone, Minnesota, USA.
Goldwind has enjoyed annual 100% market share growth for the last 8 years consecutively. In 2007, Goldwind Science & Technology Co., Ltd. reported that it has been holding 25.25% market share in China's wind power market, again ranking top amongst other suppliers.
History
In 1986, Xinjiang Wind Energy Company was established, marking the beginning of wind power development in Xinjiang, ChinaIn 1989, 13 BONUS 15 0KW WTGs introduced from Denmark and installed at Dabancheng, to form the largest wind farm in China and Asia at that time.
In 1998, newly established Xinfeng Scientific and Industrial Trade Co., Ltd. of Xinjiang undertook the national key scientific and technology project of the 9th Five-Year-Plan to develop 600 kW wind power generating sets.
In 1999, the 600 kW wind power generating set was successfully developed.
In 2000, the company started the tough task of converting itself from an R&D-oriented enterprise to a market-oriented enterprise and trying to achieve a “zero” sales breakthrough. It also became the first Chinese wind turbine manufacturer to achieve ISO9001 certification.
In 2001, the company changed completely to Goldwind Science & Technology Co., Ltd of Xinjiang. The new company was then authorized to undertake three national scientific and technological projects, namely the research and development of a “MW stall-regulated wind power generating set and its key components", which is part of the “863” plan of the State, industrial production technology of 600 kW wind power generating sets, and the development of 750 kW wind power generator sets, both of which are key scientific and technology projects for the State’s 10th Five-Year Plan.
In 2002, China’s first large-scale wind turbine assembly plant with an annual capacity of 200 units of 600KW~1MW WTGs was established.
In 2003, Goldwind became China’s largest wind turbine generator developer and manufacturer. VENSYS erected the first 1.2 MW prototype in Germany (1.5 MW direct-drive in production).
In 2005, the first 1.2 MW wind power generating set was put into operation in the Dabancheng wind farm
Wind farm
A wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...
. The company received investment support from SeaBright Asset Management, Ltd., Hong Kong, a joint venture between China Everbright and Seagate Global Advisors under the direction of CEO William Lawton
William Lawton
William Lawton is Chairman of , an international merchant bank focused on sustainable community development through investments and trade in China, Southeast Asia and elsewhere. He is an expert in Asian investments and spoken on the topic at venues such as the Milken Conference. He worked closely...
.
In 2006, Goldwind Wind Energy GmbH was registered and established in Germany. In February, Goldwind Science & Technology Creation Wind Power Equipment Co., Ltd was established in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
. In August, Goldwind won the tender for installation of 33 sets of 1.5 MW WTG, a project for the Beijing Olympic Games.
In 2006, Goldwind achieved a domestic market share
Market share
Market share is the percentage of a market accounted for by a specific entity. In a survey of nearly 200 senior marketing managers, 67 percent responded that they found the "dollar market share" metric very useful, while 61% found "unit market share" very useful.Marketers need to be able to...
of 33% and ranked #10 globally based on annual installed capacity. Mr. Wu, Chairman and CEO of Goldwind, received the World Wind Energy Award
In 2007, the first batch of five 1.5 MW WTG sets were put into operation in the Dabancheng Wind Farm. On December 26 , Goldwind went public at the Shenzhen Stock Exchange
Shenzhen Stock Exchange
The Shenzhen Stock Exchange is one of the People's Republic of China's two stock exchanges, alongside the Shanghai Stock Exchange. It is based in Shenzhen, China...
.
In 2008, the acquisition of VENSYS was completed. Goldwind achieved a global top-10 ranking in the past three consecutive years based on annual installed capacity.
In 2009, 2.5 MW permanent magnet, direct drive WTGs installed in China China, generation started in early February 2010
In 2010, to expand the publicly traded shares of Goldwind and raise international expansion capital, over $1Billion was raised in an IPO on the Hong Kong Exchange with cornerstone investors from both Asia and North America. Offices were set up in the USA and Australia as well as installing its first three wind turbines in the USA.
Operations
Goldwind has won market growth performance of over 100% for eight consecutive years.By December 31, 2008, Goldwind had sold 3,527 wind turbines totally, with a cumulative capacity of 2894.1 MW. In 2008, the wind power market maintained rapid growth in China, the company had sufficient orders
Order (business)
In business or commerce, an order is a stated intention, either spoken or written, to engage in a commercial transaction for specific products or services. From a buyer's point of view it expresses the intention to buy and is called a purchase order. From a seller's point of view it expresses the...
. The company has not only a large number of orders for 1.5 MW units, but 750 kW units were still favored by the market. New orders of 1532.25 MW were increased, including 750 kW units for 804.75 MW, and 1.5 MW units for 727.5 MW; By the end of 2008, the company implemented a total capacity of orders for 1541.25 MW, including 750 kW units for 170.25 MW, and 1.5 MW units for 1371 MW. In addition, the company achieved a breakthrough in international sales by signing a supply agreement of 6 sets of 750 kW units with ENERGOIMPORT company in Cuba
Cuba
The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...
and shipped them in December, it achieved a revenue of 33,223,700 RMB.
In addition to the signed orders, the company won the bid of 811.50 MW of the 10,000,000 kW Base Project in Jiuquan
Jiuquan
- Suzhou town :The administrative center of the "prefecture-level city" of Jiuquan is the "District" of Suzhou , which occupies 3,386 square km in the eastern part of Jiuquan "prefecture-level city", and had a population of 340,000 as of 2002....
, Gansu Province, which has laid a good market foundation for continued development in next two years.
- The first wind power project in the world to supply power to marine oil field;
- The first synchronization of integrated power grid realized between wind power and isolated island power;
- The first successful implementation in the world of wind power generator unit with global hoisting;
- The first on-the-sea installation of permanent-magnetic direct-drive generator unit in the world;
- China's first marine wind power generator unit and first marine wind power project.
Products
Models Below MW- 600 kW series wind turbine
- 750 kW series wind turbine
Models Above MW
- 1500 kW direct-drive series wind turbine
- 2500 kW permanent magnet direct-drive wind turbine
R&D Models
- 3000 kW first transmission permanent magnet wind turbine
- 5000 kW series wind turbine
China is expected to invest heavily in wind energy
Wind energy
Wind energy is the kinetic energy of air in motion; see also wind power.Total wind energy flowing through an imaginary area A during the time t is:E = ½ m v2 = ½ v 2...
, giving Goldwind good prospects for growth according to a KGI Securities forecast.
See also
- List of renewable energy companies by stock exchange
- List of wind turbine manufacturers
- Wind energy companies of China
- Wind powerWind powerWind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity, windmills for mechanical power, windpumps for water pumping or drainage, or sails to propel ships....