Xinjiang Goldwind Science & Technology Co., Ltd., together with its subsidiaries, provides wind power solutions in China and internationally. The company operates through four segments: WTG Manufacturing, Wind Power Services, Wind Farm Development, and Others. The WTG Manufacturing segment engages in the research and development, manufacture, and sale of wind turbine generators and spare parts. The Wind Power Service segment offers wind power construction, post-warranty, and asset management services. The Wind Farm Development segment engages in the development and operation of wind farms, which consists of wind power generation services through its wind farms, as well as the sale of wind farms. The Other segment is involved in the operation of water treatment plants. It also engages in the development and operation of solar power generation projects; and financial leasing business. Xinjiang Goldwind Science & Technology Co., Ltd. was founded in 1998 and is based in Urumqi, China.

History

Xinjiang Wind Energy, the predecessor of Xinjiang Goldwind, was founded by using a $3.2 million grant, given by the Danish government, which they used to build China's first wind farm at Dabancheng. Dabancheng wind farm, opened in 1989, consisted of the thirteen small, 150 kilowatts, wind turbines made by Danish turbine maker, Bonus Energy.Goldwind was founded by Wu Gang as part of China government's 863 Program and was funded by the state. The funding helped Goldwind open its first assembly plant in Urumqi and sign technology transfer agreement with a German turbine manufacturer Vensys.In 2008, Goldwind purchased its permanent magnet direct-drive technology from Vensys. Goldwind had 1,500 employees in 2009.

In 2010, Goldwind acquired a $6bn low-interest loan from the government-owned China Development Bank as part of its expansion plan.In 2015, Goldwind became the largest turbine manufacturer in the world but in 2019 Vestas took over.

Mission

The mission of Goldwind is to build a sustainable future by providing energy solutions that address social and economic needs, while also optimizing environmental protection.

Vision

To be the world leader in innovative green energy solutions that are cost effective, reliable and safe.

Key Team

Mr. Hongyan Wang (Chief Financial Officer)

Mr. Jürgen Rinck (Chief Technology Officer and Chief Exec. Officer of Vensys)

Mr. Min Lu (Director of Corp. Internal Audit & Legal Department and Employee Representative Supervisor)

Mr. Yunzhi Zhou (C.H.R.O)

Ms. Guo Zimo (Company IR Mang.)

Mr. John Titchen (Managing Director of Australia)

Mr. Endi Zhai (Chief Engineer)

Recognition and Awards

Goldwind has received numerous awards for its efforts in wind energy, including the 2015 Windpower monthly “Small Wind Turbine Manufacturer of the Year” award, the 2014 Eurasian Wind Energy Association's “Leading Wind Turbine Manufacturer” award, and the 2014 China Wind Energy Association’s “Most Innovative Wind Turbine” award.

References

https://en.wikipedia.org/wiki/Goldwind

https://in.investing.com/equities/goldwind

https://finance.yahoo.com/quote/2208.HK/profile?p=2208.HK

https://www.crunchbase.com/organization/goldwind

https://www.goldwind.com.cn

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Leadership team

Mr. Gang Wu (Chief Engineer & Chairman)

Mr. Zhigang Cao (Pres & Exec. Director)

Mr. Haibo Wang (Exec. VP & Exec. Director)

Products/ Services

CleanTech, Energy, GreenTech, Manufacturing, Renewable Energy, Wind Energy

Number of Employees

1,000 - 20,000

Headquarters

Beijing, Beijing, China

Established

1998

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

SZSE:002202

Social Media

URL

https://www.goldwind.com.cn

Last updated: Tue Feb 25 2025

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