Welcome!

News Feed Item

Goldwind USA And InterEnergy Holdings Agree On Terms For 215MW Wind Project In Penonome, Panama

Deal Represents Goldwind's Largest International Order

CHICAGO, April 24, 2014 /PRNewswire/ -- Goldwind USA, the US subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. (Shenzhen Stock Exchange: 002202, the Stock Exchange of Hong Kong Limited: 2208), announced today that it has received an order from InterEnergy Holdings to supply 86 of its 2.5MW Permanent Magnet Direct-Drive (PMDD) turbines for the 215MW Penonome wind project in the province of Cocle, Panama. The order is Goldwind's largest international sale to date.  In addition to supplying 215MW of wind turbines, Goldwind will provide a long-term maintenance program.

Goldwind's 2.5 MW PMDD turbines operating in Panama earlier this year.

"This sale is further evidence of the strength and technological advantages of Goldwind's 2.5MW platform and highlights Goldwind's established track record of developing strategic relationships with key customers and local partners in each of the markets we serve," said David Halligan, Chief Executive Officer of Goldwind USA.  "Goldwind is pleased to have completed this sale to InterEnergy Holdings and to assist in bringing clean and cost-efficient energy to Panama. A deal of this size with a well respected partner like InterEnergy, which is backed by the World Bank's International Finance Corporation, speaks volumes to the efforts of our team and to the validity of our PMDD technology."

"InterEnergy is delighted to be working with Goldwind on the Penonome project", said Rolando Gonzalez Bunster, Chairman and Chief Executive Officer of InterEnergy Holdings. "This will be InterEnergy's largest investment in a renewable energy project to date, and will most certainly be an industry reference not only in Panama but in the entire region, for its size and importance.  The partnership with Goldwind will be key to the success of this endeavor."

The global leader in the deployment of PMDD turbines, the Goldwind portfolio of 1.5 and 2.5MW permanent magnet direct-drive wind turbines are designed for high power generating efficiency, superior power quality and grid code compliance, and significantly reduced maintenance and total operating expenditures.  Unlike a gearbox-driven turbine, the permanent magnet direct-drive design reduces the number of high-speed rotational parts and avoids the sources of expensive faults that require crane mobilization.  The Goldwind PMDD turbine dramatically reduces cost wind generation over the life of a project. 

About Goldwind

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

Chicago-based Goldwind USA serves as the headquarters for operations in North America. 

Established in early 2010, Goldwind USA leverages a global network of offices and partnerships to offer a variety of wind power solutions including sales and service platforms to customers and strategic partners throughout the Americas.  

About InterEnergy

InterEnergy Holdings (InterEnergy) is a holding company that owns and operates power generation and distribution assets in Latin America and the Caribbean.  Its predecessor, Basic Energy Ltd., led by power entrepreneur Rolando Gonzalez Bunster, had near 25 years of investment and operational experience in the power sector having acquired and developed over 1,500MW in the Dominican Republic, Argentina, Panama and Jamaica.

Today, InterEnergy is one of the largest investors in the power sector of the Dominican Republic, with over 1,300MW of combined installed capacity in its portfolio.  The company is also a renewable energy pioneer in the region, establishing the first wind generation park in the Dominican Republic in 2011, a partnership between EGE Haina and CEPM, two of InterEnergy's portfolio companies, in Juancho Los Cocos.  The park, which was recently expanded, has over 86 MW of aggregate installed capacity.

In February 2013, the World Bank's International Finance Corporation acquired a minority equity interest in InterEnergy.  This investment marked the beginning of an important expansion phase for InterEnergy, with the continuous focus of bringing efficient, clean and cost-effective energy to our region.  The investment in Gas Stream of Chile, a LNG distribution business, was InterEnergy's first foray outside the Dominican Republic.  The company expects to announce additional investments and acquisitions throughout the region in the near future.

CONTACT: Colin Mahoney
Mahoney Communications Group
+1 617-970-4418
[email protected]

Photo - http://photos.prnewswire.com/prnh/20140424/78232

SOURCE Goldwind USA, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today BZ Media LLC has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and Commercial Drone markets.
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, will discuss how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He will discuss how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...