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
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. 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.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...