China’s Biggest Wind Turbine Maker Expands in Philippines, Australia

Xinjiang Goldwind Science & Technology Co., China’s biggest wind turbine maker, is expanding its footprint abroad with new deals in the Philippines and Australia.

During the second quarter, Goldwind and Shanghai Electric Power Design Institute Co. signed a turbine supply agreement for the 132-MW Pasuquin wind farm in the Philippines, the first deal for a Chinese turbine maker in the market, unit Goldwind International Holdings (HK) Ltd. said in an emailed report.

Goldwind in May agreed to buy the Stockyard Hill wind farm in Australia’s Victoria state from Origin Energy Ltd. The project has planned capacity of 530 MW.

The deals come as turbine orders in China fall as growth slows. Goldwind International said it has signed contracts for almost 2 GW outside China as of the end of June.

Last month, Goldwind reached an in-principal agreement with Aurora Energy Pty to build a 144-MW wind farm at Cattle Hill in Tasmania’s Central Highlands, according to the report.

Goldwind also presented its new 3-MW platform to its key clients in Africa in May, the unit said.

©2017 Bloomberg News

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