Goldwind

Corporate brand

A Chinese multinational manufacturer and developer of wind-energy equipment and renewable-energy systems. Goldwind is a Chinese wind-energy company known for manufacturing wind turbines and providing related energy solutions.

Last updated November 4, 2026

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Overview

Goldwind, formally Goldwind Science & Technology Co., Ltd., also known as Xinjiang Gold Wind Science & Technology, is a Chinese multinational renewable-energy company best known for manufacturing wind turbines. Its activities extend across wind-turbine research and development, engineering, manufacturing, project investment, wind-farm development, operations and maintenance, technology services, battery energy storage, and emerging green-chemical applications. The company is headquartered in Beijing and has roots in Xinjiang, where its predecessor helped establish one of China's earliest commercial wind farms. It is publicly listed in mainland China and Hong Kong. The company's origins are connected to Xinjiang Wind Energy and the Dabancheng wind farm. A Danish government grant supported the project, which opened in 1989 with thirteen 150-kilowatt turbines supplied by Danish manufacturer Bonus Energy. Goldwind subsequently developed through China's state-supported 863 research program. Funding from that program helped establish an assembly plant in Urumqi and enabled a technology-transfer relationship with German turbine specialist Vensys. Goldwind later acquired Vensys's permanent-magnet direct-drive technology, a decision that became central to its product strategy. Goldwind initially produced geared turbines, including 600-kilowatt and 750-kilowatt designs associated with German engineering and Jacobs technology. Over time, the company shifted toward permanent-magnet direct-drive, or PMDD, machines. This architecture avoids a conventional gearbox and became the foundation of many of Goldwind's onshore and offshore platforms. The company also developed medium-speed permanent-magnet products for larger turbines and expanded its portfolio for international markets. Goldwind grew rapidly during China's wind-power expansion. In 2010, it obtained a large low-interest development loan from China Development Bank to support expansion. It was described as the world's largest turbine manufacturer in 2015, although Vestas later surpassed it. Goldwind regained the leading global manufacturer position in 2022 and was reported as the leading manufacturer globally in 2024, with approximately 18.7 gigawatts of turbines installed during that year. Its cumulative installations have reached well over 100 gigawatts, with activity across six continents and projects in dozens of countries. The company remains particularly strong in China, where it has maintained an estimated annual market share of roughly 20% to 25% for an extended period. Outside China, its installed base includes significant activity in Australia, Brazil, Chile, the United States, Pakistan, Egypt, Uzbekistan, Vietnam, South Africa, Thailand and Panama. Goldwind's overseas business includes both equipment sales and participation in wind-farm development, ownership, construction, operations and services. Goldwind Americas is based in Chicago and has supported turbine installations, project development and service operations in the United States and Latin America. Goldwind Australia markets wind and battery-storage products while also developing and operating renewable-energy assets. Goldwind's turbine range includes international onshore platforms such as the GW136, GW155 and GW165 models, as well as larger medium-speed permanent-magnet platforms. Its offshore portfolio includes the 16-megawatt GWH252 and the announced 22-megawatt GWH300. Product specifications and model availability vary by market, and the company also offers larger rotor configurations for China's rapidly expanding wind-power industry. Beyond turbines, Goldwind is positioning itself as an integrated renewable-energy systems company. Its activities include battery energy-storage systems, hybrid wind-solar projects, energy-system integration and services connected with green hydrogen and green methanol. This broadening reflects a strategy of participating in multiple parts of the energy transition rather than remaining solely an original-equipment manufacturer. Goldwind's ownership structure has included substantial hold… Xinjiang Gold Wind Science & Technology, commonly known as Goldwind, is a Chinese company in the wind-energy industry. Founded in 1998 and headquartered in Beijing, it is best known for developing and manufacturing wind turbines. Its activities are associated with the wider wind-power value chain, including project and service offerings related to wind energy. The company operates under the Goldwind name and serves the wind-energy market. It is publicly listed in mainland China and Hong Kong. The supplied evidence identifies the entity by the title “XINJIANG GOLD WIND SCIENCE & TECHNOLOGY”; it does not provide further detail about the company’s ownership, leadership, specific product models, or geographic markets.

History

Goldwind's history is rooted in the development of wind power in Xinjiang. Its predecessor, Xinjiang Wind Energy, participated in the creation of the Dabancheng wind farm with support from a Danish government grant. The wind farm opened in 1989 with thirteen 150-kilowatt turbines supplied by Bonus Energy of Denmark. The project became an early demonstration of utility-scale wind generation in China and provided a foundation for local technical and industrial capabilities. Goldwind was subsequently formed through China's state-supported 863 Program, a national research and technology initiative. Wu Gang is identified as the company's founder. Program funding helped the enterprise establish its first assembly plant in Urumqi and pursue foreign technology cooperation. A technology-transfer agreement with German manufacturer Vensys was particularly important. Goldwind later acquired Vensys's permanent-magnet direct-drive technology in 2008, giving it a proprietary technological foundation for a major part of its later product range. The company began with conventional geared turbine designs. In 1998 it started producing 600-kilowatt Jacobs turbines, including the Jacobs 43/600 and Jacobs 48/600, followed by larger 750-kilowatt-related designs. These products were associated with German engineering consultancy aerodyn Energiesysteme and reflected the technology base available to Goldwind during its early manufacturing phase. The company gradually moved away from geared machines and came to focus almost exclusively on permanent-magnet direct-drive turbines. Goldwind expanded during the rapid growth of China's wind industry in the 2000s and 2010s. It had approximately 1,500 employees in 2009. In 2010, China Development Bank provided a reported 6-billion-dollar low-interest loan as part of the company's expansion plan. Goldwind was described as the world's largest wind-turbine manufacturer in 2015, but Vestas overtook it in 2019. The company later recovered the top position in 2022 and was reported to rank first globally in 2024. International expansion became a more visible part of the business. Goldwind established operations and subsidiaries in Asia, Europe and the Americas, and developed a significant presence in Australia. Goldwind Americas, headquartered in Chicago, installed approximately 500 megawatts of PMDD turbines and participated in the acquisition and development of two Texas projects: the Rattlesnake Wind Project and the Heart of Texas Wind Project. Goldwind also supported the Penonome I and Penonome II wind farms in Panama, with a combined capacity of 270 megawatts, and maintained service operations in Chile. Goldwind Australia combines equipment sales with renewable-project development and operations. The company has broadened its technical scope as turbine sizes increased. Its international onshore range includes turbines in the approximately 4.8-to-6-megawatt class, while medium-speed permanent-magnet platforms extend into the 7-to-8-megawatt range. In offshore wind, Goldwind has installed multiple gigawatts and has promoted the 16-megawatt GWH252. In 2024 it announced the larger GWH300, a 22-megawatt offshore design. In parallel, Goldwind has developed activities in battery storage, renewable-energy integration and green chemicals. Its stated direction is to combine wind, solar and battery energy storage and to participate in green-hydrogen and green-methanol production. This evolution places Goldwind between a conventional turbine original-equipment manufacturer and a broader renewable-energy systems and project company. The company has retained a strong Chinese market position while building installations and service operations across international markets. Goldwind is a Chinese wind-energy company founded in 1998 and headquartered in Beijing. Its business is centered on wind turbines and related wind-power activities. The company is publicly listed in mainland China and Hong Kong. The evidence supplied for this dossier contains only the entity's Wikidata title and does not establish further dated milestones, named founders, executive appointments, ownership details, or particular corporate developments; those details are therefore not included here.

2025
Strong position in BNEF manufacturing rankings
[1]Goldwind - Wikipediaen.wikipedia.org
The cited material reports Goldwind ranked first for onshore and second for offshore turbine manufacturing.
2024
GWH300 offshore platform announced
[1]Goldwind - Wikipediaen.wikipedia.org
Goldwind announces a 22-megawatt offshore turbine and reports substantial annual installations and international activity.
2022
Global manufacturing lead regained
[1]Goldwind - Wikipediaen.wikipedia.org
The reference material states that Goldwind again passed Vestas in global turbine-manufacturer rankings.
2017
US project financing advances
[1]Goldwind - Wikipediaen.wikipedia.org
Goldwind obtains reported tax-equity financing commitments for the Rattlesnake wind project in Texas.
2015
Reported as the world's largest turbine manufacturer
[1]Goldwind - Wikipediaen.wikipedia.org
Goldwind is described in the reference material as having become the largest wind-turbine manufacturer globally.
2010
Expansion financing arranged
[1]Goldwind - Wikipediaen.wikipedia.org
Goldwind receives a reported low-interest loan from China Development Bank to support expansion.
2009
Workforce reaches approximately 1,500
[1]Goldwind - Wikipediaen.wikipedia.org
The cited reference material reports that Goldwind employed about 1,500 people.
2008
Permanent-magnet direct-drive technology acquired
[1]Goldwind - Wikipediaen.wikipedia.org
Goldwind acquires PMDD technology from German partner Vensys, establishing a core technology platform for subsequent turbine generations.
1998
Early turbine production begins
[1]Goldwind - Wikipediaen.wikipedia.org
Goldwind begins producing 600-kilowatt Jacobs turbine models and later develops related 750-kilowatt designs.
1989
Dabancheng wind farm opens
[1]Goldwind - Wikipediaen.wikipedia.org
Goldwind's predecessor, Xinjiang Wind Energy, helped establish the Dabancheng wind farm with Danish support and thirteen 150-kilowatt Bonus Energy turbines.

Products and positioning

A vertically integrated Chinese wind-power and renewable-energy technology provider combining turbine manufacturing with project development, services, storage and broader energy-system integration.

Onshore wind turbines
PMDD onshore turbine platforms
Goldwind's permanent-magnet direct-drive onshore turbines form the core of its international product portfolio. Cited international models include the GW136 at 4.8 megawatts, GW155 at 4.8 megawatts and GW165 at 6.0 megawatts. The direct-drive architecture is designed to reduce dependence on conventional gearboxes and is offered in multiple rotor and power configurations for different wind regimes.
Onshore and offshore wind turbines
Medium-speed permanent-magnet platforms
Goldwind's medium-speed permanent-magnet range is intended for larger turbine applications. Listed international examples include the GWH170 at 7.2 megawatts, GW171 at 6.0 megawatts, GWH175 at 7.8 megawatts, a 6.2-megawatt GWH platform and the GWH182 at 8.0 megawatts. Model availability and specifications differ between China and overseas markets.
Offshore wind turbine
GWH252
The GWH252 is identified as Goldwind's principal offshore model around 2024, with a rated capacity of 16 megawatts. It represents the company's move toward very large offshore machines and is part of an offshore portfolio with several gigawatts of cumulative installations.
Offshore wind turbine · 2024
GWH300
The GWH300 is a 22-megawatt offshore turbine announced by Goldwind in 2024. The reference material describes a prototype installation as expected in 2025. It is positioned as a next-generation platform for the continued increase in offshore turbine scale.
Energy storage
Battery energy-storage systems
Through its energy-storage activities, including Goldwind BESS, the company manufactures and integrates battery-storage systems. These products support Goldwind's broader strategy of combining wind generation, solar generation and storage into coordinated renewable-energy systems.
Renewable-energy services
Wind-power technology and project services
Goldwind provides wind-power technology services, project investment and sales, wind-farm development, operations and maintenance, and technology-transfer services. These activities allow it to participate beyond equipment manufacturing and to support customers across the project lifecycle.
Wind turbines
Wind turbines are the company’s principal known product category.

Controversies

2026
European Commission opens in-depth FSR investigation into Goldwind over alleged foreign subsidies
In early 2026, the European Commission opened an in-depth investigation into Goldwind under the EU Foreign Subsidies Regulation (FSR), alleging that the company may have received foreign subsidies, such as government grants, tax incentives and favourable financing, that distort the EU market. According to the source, the investigation has had a significant negative impact on Goldwind's business expansion, reputation and share price in the European market.
Source
2022
Wind Turbine Collapse Accident in Yanjin, Yunnan
In June 2022, a Goldwind wind turbine unit in Yanjin, Yunnan, collapsed, and video circulated online, raising concerns about turbine quality. Goldwind responded that the blades were broken by extreme weather such as a direct lightning strike, after which the entire unit became unstable and collapsed; it was an isolated emergency, and the company’s wind turbine units themselves had no problem. The company said there was no impact on operations; no regulatory penalty was seen.
Source
2021
Subsidiary of Goldwind fined for environmental violations
A regulatory authority fined Xianyang Lanqing Water Services Co., an indirectly controlled subsidiary of Goldwind, RMB 400,000 for environmental violations. The penalty decision stated that the company exceeded the COD discharge limit.
Source

2024
Announce the GWH300 offshore turbineProduct launch
Background
Offshore wind manufacturers were increasing turbine capacity to reduce the number of machines needed for large projects and improve project economics.
Action taken
Goldwind announced the 22-megawatt GWH300 offshore turbine, with a prototype installation expected in 2025.
Aftermath
The announcement extended Goldwind's offshore product roadmap beyond its 16-megawatt GWH252 platform.
Source
2010
Fund large-scale expansionStrategy
Background
Goldwind was expanding during a period of rapid growth in China's wind-power market and required substantial capital to increase manufacturing and project capacity.
Action taken
The company obtained a reported low-interest loan from China Development Bank as part of its expansion plan.
Aftermath
The financing supported Goldwind's scale-up and international growth, although the cited material does not provide a detailed allocation of the funds.
Reported low-interest loan. USD 6 billion loan reported (2010)
Source
2008
Adopt permanent-magnet direct-drive technologyStrategy
Background
Goldwind's earlier turbine production used conventional geared designs, while the company was seeking a technology base suited to larger and more efficient wind turbines.
Action taken
Goldwind acquired permanent-magnet direct-drive technology from Vensys and subsequently made PMDD machines central to its product strategy.
Aftermath
The decision shaped Goldwind's later onshore and offshore turbine portfolio and helped differentiate the company from manufacturers centered on conventional geared drivetrains.
Source
Broaden from turbine manufacturing to integrated energy systemsStrategy
Background
The growth of hybrid renewable projects and the need to balance intermittent generation have increased demand for storage and integrated energy solutions.
Action taken
Goldwind expanded into battery energy storage, wind-solar integration, green hydrogen and green methanol activities alongside turbine manufacturing and project services.
Aftermath
The expansion positioned Goldwind as a broader renewable-energy systems provider, although the source material does not specify a single announcement date or financial result.
Source

Recent events

2026.09
Reported2026.10.14
Goldwind announces H1 2026 financial results[10]European Commission opens in-depth FSR investigation into Goldwind over alleged foreign subsidiesfinance.sina.com.cn
Goldwind (金风科技) announced its H1 2026 financial results: operating revenue of 33.739 billion yuan, up 18.23% year on year, and net profit attributable to shareholders of 1.855 billion yuan, up 24.67% year on year. The article notes the gross margin of its core wind turbine and components segment was only 11.62% in the first half, far below the gross margin of its overseas business.
2026.01
Reported2026.10.14
European Commission opens in-depth FSR investigation into Goldwind over alleged foreign subsidies[10]European Commission opens in-depth FSR investigation into Goldwind over alleged foreign subsidiesfinance.sina.com.cn
In early 2026, the European Commission opened an in-depth investigation into Goldwind under the EU Foreign Subsidies Regulation (FSR), alleging that the company may have received foreign subsidies (such as government grants, tax incentives and favourable financing) that distort the EU market. The article states the investigation has had a significant negative impact on Goldwind's business expansion, reputation and share price in the European market.
2021.04.12
Jin Feng Technology director resigns[12]金风科技董事董真瑜辞职nbd.com.cn
Jin Feng Technology announced that director Dong Zhenyu resigned from her board and strategic decision committee positions for personal career development reasons; she will hold no position at the company after resigning.
2021.03.15
Subsidiary of Goldwind fined for environmental violations[11]Subsidiary of Goldwind fined for environmental violationsnbd.com.cn
A regulatory authority fined Xianyang Lanqing Water Services Co., an indirectly controlled subsidiary of Goldwind, RMB 400,000 for environmental violations. The penalty decision stated that the company exceeded the COD discharge limit.
2020.01.13
Reported2020.01.13
Goldwind and Nebras Power sign cooperation framework agreement[13]金风科技与Nebras Power签署合作框架协议finance.sina.com.cn
Goldwind and Nebras Power signed a framework agreement in Doha to explore cooperation for three years in international renewable energy, including renewable power generation, wind-farm operations and maintenance, energy efficiency, and energy storage technology.
Unconfirmed
Reported2020.01.09
Goldwind Technology wins Best Investor Relations Management Award[14]金风科技荣获“最佳投资者关系管理奖”finance.sina.com.cn
Goldwind Technology received the Best Investor Relations Management Award at the fourth Golden Hong Kong Stock annual selection.
2019.11.28
Reported2019.12.02
Goldwind wins two Jinze Awards[15]金风科技荣获两项“金责奖”finance.sina.com.cn
Goldwind won the 2019 Jinze Award for Annual Sustainability and the Best Environmental Responsibility Award at the awards ceremony held on November 28, 2019.
Unconfirmed
Goldwind receives certification for LiDAR Assisted Control technology[16]Goldwind 的激光雷达辅助控制技术获得认证windtech-international.com
Goldwind received DNV GL Component Certification for its LiDAR Assisted Control system after carrying out validation activities on full-scale turbine prototypes.

Sources18 sources

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