Goldwind Taps Chile Market with Wind Turbines

Low Wind-Speed PMDD Turbines Make Overseas Debut

HONG KONG, Dec. 9, 2011 /PRNewswire-Asia/ -- Xinjiang Goldwind Science & Technology Co., Ltd. ("Goldwind"; SZ Stock Code: 002202, HK Stock Code: 2208), announced that it has entered into an agreement with international new energy developer Mainstream Renewable Power ("Mainstream") to provide Mainstream's Negrete project (phase one) in Chile with 23 low wind-speed Permanent Magnet Direct Drive (PMDD) turbines.

This is Goldwind's second order from South America. Earlier this year, Goldwind agreed to supply wind turbines and lead construction and commissioning activities as a "one-stop shop" service portfolio for a high-altitude wind farm project in Ecuador, which marks another achievement in Goldwind's global expansion.

The project will be located in central Chile, about 12 km from Los Angeles city. Goldwind will provide the project with its GW87/1500 low wind-speed PMDD turbines. Goldwind's GW87/1500 turbines, which have an 87 m rotor diameter and 1500kW rated capacity, were designed and developed to target low wind speed conditions with an average wind speed of 6m/s to 8m/s. The turbine generates 5% more electricity than those with an 82 m rotor diameter.

To date, more than 600 GW87/1500 low wind-speed turbines have been installed. The availability of the turbines connected to the grid exceeds 99%. The turbines are recognized for their high power generation efficiency and low-voltage ride-through capability. As the first low wind-speed megawatt-level turbines in China, Goldwind's initial installation of three GW87/1500 turbines in Rongcheng, Shandong province, have generated over 14 million kwh of electricity with an average wind speed of 6.1m/s.

Wang Haibo, Vice President of Goldwind and General Manager of Goldwind International, said, "As one of the earliest Chinese wind turbine manufactures going abroad, Goldwind has not only expanded into major overseas markets including Europe, North America, and Australia, but also established its presence in emerging markets such as South America, Asia and Africa. We strive to provide comprehensive wind power solutions including high quality products and services for our global customers, creating exceptional value for them"

Goldwind adheres to its global strategy to build up an international presence through localization. To date, Goldwind has set up more than 10 branches in North and South America, Australia, Europe and Africa, expanding our global footprint.

Earlier this year, Goldwind announced the commencement of the Shady Oaks project in Illinois, the Adama project in Ethiopia, the Mortons Lane project in Australia, and the Villonaco project in Ecuador.

Goldwind is the world's largest PMDD wind turbine manufacturer striving to become a leading comprehensive wind power solutions provider. Goldwind was among the first in China to provide one-stop wind power services and wind farm investment and operation management. As Goldwind has expanded globally, it has extended its comprehensive wind power solutions to overseas markets.

About Goldwind

Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) is the second largest manufacturer of wind turbines in China, and the 4th largest globally. With strong R&D capabilities, the company is the world's largest manufacturer of Permanent Magnet Direct Drive (PMDD) wind turbines, 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).

As of September 30, 2011, Goldwind's accumulated sales capacity of wind turbine reached over 10 GW, equivalent to 8 million tons of coal saved per year, 19.95 million tons of carbon emissions reduced per year, or 10.93 million cubic meters of newly planted forest.

For more information, please visit www.goldwindglobal.com.

Media Contact:

Jane Lee
Public Affairs Dept. (Goldwind Group)
Tel: +86 010-67511888 ext.1037
E-mail: news@goldwind.cn

For further information, please contact:

Porda Havas International Finance Communications Group

Fax: +852-3150-6728