Harvesting 106.5 megawatts of single goldwind will be among the mainstream U.S. markets

While the investigation into China's new energy policy, provoked by the American Steel Workers ' Federation (United Steelworkers), is still escalating, it has failed to stop the pace of Chinese wind power equipment companies moving west. December 20, Goldwind Technology Co., Ltd. (hereinafter called Goldwind) (002202. sz;02208.　　HK) announced that its wholly-owned subsidiary in the United States Tianrun Shady OAKS,LLC (hereinafter referred to as Tianrun Shady Oaks) successfully won the price in the United States market and signed a long-term electricity price purchase agreement.　　The announcement shows that Shady Oaks wind farm in the United States Illinois State, Tianrun Shady Oaks will be responsible for the wind farm investment, construction (including equipment procurement). According to Yiu Yu, director of the Goldwind Public Affairs Department, in this project, where the total installed capacity is 106.5 MW and the total investment of $198 million is built, the position of Goldwind is slightly different from that of the previous integrated wind power solutions provider, "The Goldwind also assumes the functions of a power plant." "and Chen Hangfeng, chairman of the US-China Energy Limited Liability Company (USFOR), who specializes in renewables services and management, sees the export project is significant for Goldwind," If the project works well, the Goldwind wind turbines could squeeze into the mainstream U.S. market. "　　"In fact, in order to avoid the pretext and get more support from the United States, Goldwind has pledged that more raw material supply opportunities will be provided to local companies in the United States." "It is estimated that about 60% of the overall project cost of the Shady Oaks wind Farm project will be directed to U.S. manpower and manufacturing."　　"Goldwind International Business director Li Chunhua to our correspondent. 100% equity investment wind farm investment construction wind farm wind turbine and service sales according to the Goldwind Bulletin, Shady Oaks wind farm project planning total Installed 106.5 MW, the tender party for the United States, Illinois State one of the largest power companies Commonwealth Edison　　Company, the project will be the full use of Goldwind 1.5 MW direct-drive permanent magnet wind turbine units.　　Under the long-term electricity purchase agreement, the wind farm will start construction in 2011, operate in 2012 and supply electricity for 20 years. "At present, this project owner for Beijing Tian run New Energy Investment Co., Ltd. (hereinafter referred to as Beijing days run) of the wholly-owned subsidiary Tianrun Shady Oaks, it has shady Oaks wind farm 100% ownership."　　"Li Chunhua introduced.　　It is understood that, as a wholly-owned subsidiary of Goldwind, Beijing Tian run investment 3 million U.S. dollars in the United States, Minnesota registered a wholly-owned subsidiary of the United States Limited (Tianrunusa Inc.) (hereinafter called Days Run the United States). Days run the United States operating mode with Beijing Tian run in the domestic transportis quite similar: not for the sake of operation, but through investment in building wind farms, to drive fans and services sales, to achieve revenue and profit cash.　　And the U.S. economy has not fully recovered the status quo, just so that Beijing-run investment model in Goldwind to the United States to use the development of the market. Reporter learned that shady Oaks wind farm Project is the first by the Mainstream Renewable power (hereinafter called mainstream) and the United States to develop cooperation.　　But then, Goldwind acquired all the stakes in mainstream, the development partner of the project. The reporter learned from the official website of mainstream that mainstream was founded in 2008 as the main business for global wind and solar energy development.　　As the European leader in offshore wind power development, it has developed 5420 megawatts of projects in Scotland, England and Germany. "In general, U.S. developers will need a device provider to help get some loans, but some developers also need a stake in the device maker," said a manager for the International business market development.　　Li Chunhua confirmed the statement, but said that this does not mean that Goldwind has gained so-called "low interest financing" when it develops overseas. He told the reporter that Japan, Germany, Spain and other countries of the wind turbine manufacturers also help customers to finance projects. "Moreover, the financing for us is commercial banks, the rate at which they provide financing is high or low, depending entirely on its financing capacity and capital cost." "The reporter learned that, in general, equipment manufacturers in the wind farm investment projects, the final success of the measure is often to quickly dispose of the wind farm, do not occupy a large amount of cash."　　But Goldwind's takeover of a developer's stake appears to be a little bit special. Li Chunhua did not mention the reason for the takeover, but said mainstream is not related to the Shady Oaks wind Farm project, "Mainstream still has the responsibility and obligation to assist Goldwind in building the project." "In addition, Lee revealed that for Goldwind, the most important thing is to build the project," How the future is completely market behavior, if the buyer is willing to buy, do not rule out the possibility of selling, but there is no such plan. "Pretty" strategy 60% localization rate commitment Shady Oaks wind Farm project is not the first project of Goldwind in the US market.　　As early as last year, Goldwind set up 3 1.5 MW direct-drive permanent-magnet wind turbines in Minnesota, and was connected to power generation earlier this year.　　According to a notice in August last year of the Xinjiang Goldwind Co., Ltd. on the loan of the Minnesota Uilk Project for a wholly-owned subsidiary of Beijing Tian Run New Energy Investment Co., Ltd., the Minnesota project invested $10.5 million trillion, with its own capital of $2 million. $1.5 million trillion (75% of shares) funded by the United StatesPower) and Horizon Wind, Dakota wind formation of the joint venture company Days Run Otis Co., Ltd. (Tianrun Uilk LLC.).　　Oak Co., Ltd. is responsible for the construction, management and operation of wind power projects. "The successful operation of the project provides a certain possibility for goldwind to enter the US market in the future."　　The introduction of the Goldwind International business market development manager. It is understood that, in the days after the United States, earlier this year, Goldwind in the United States set up a wholly owned subsidiary Goldwind USA, Inc. (hereinafter called Goldwind United States).　　Days run the United States as a project owner to develop wind farm projects, Goldwind United States to the United States in the implementation of the project, management and other links to provide support. "The success of Goldwind in internationalization is due to the first of the technology of a direct-drive permanent magnet (PMDD) unit," said a press release from Goldwind USA. Because a large number of studies have shown that the PMDD unit is more reliable, efficient and inexpensive than the unit with gear box. "But one industry source said," In the Minnesota Project, 3 units of the large number of components in the United States procurement, and goldwind U.S. employees of the localization, so that it received some goodwill in the United States.　　"It is understood that goldwind, the United States as the U.S. sales office of Goldwind, the location of Chicago, employing a team of managers, engineers and other personnel, including about 12 Americans." "About $10.5 million trillion in the Minnesota Goldwind project, about 6.2 million dollars have been invested in U.S. manpower and manufacturing," said Colin Mahoney, a spokesman for the Goldwind United States. "said the Goldwind International business market development manager," 3 Typhoon machine core components such as generators, control systems, or by goldwind production, but the tower, blades and infrastructure, are to the United States to do the company. Colin Mahoney says the Shady Oaks wind farm project will be procured similar to the Minnesota project. Li Chunhua This commitment, "about 60% of the cost of the entire project will be invested in U.S. manpower and manufacturing."　　"Goldwind's new chief executive Tim Rosenzweig told reporters his team is looking for ways to move more jobs to the United States in the installation of the wind machine.　　However, considering that Goldwind last month acquired two blades of the company GCL Wind Power (Jiangsu) Co., Ltd. and GCL Wind power (Xilin Hot) Co., Ltd., at least after the shady Oaks wind farm projects in the source of the blade has more potential. Li Chunhua did not give a clear response, he just revealed, "We also need to be based on the economic nature of the project, from the cost and other aspects to consider and weigh." "or seizo the U.S. mainstream market needs to fight capital, regulation, labor cost pressure according to Chen Hangfeng, because 100 MW or so wind power projects in the U.S. market is not very large, so goldwind shady Oaks wind farm projectsDid not cause much attention in the US, but Chen Hangfeng still thinks, "This is a major milestone for China's wind power equipment companies to enter the U.S. market."　　"It is understood that the United States market often have a stable operation of wind turbine experience record requirements, generally 100 machine years, while requiring the lowest available utilization rate of 98%." "If only 3 typhoon machines, each will be stable to run 33 years, if it is 100 Typhoon machine, then only need to run for one year."　　"Chen Hangfeng explained. He told the newspaper that the operation record was a minimum standard for obtaining financing from local banks in the United States. In the case of Goldwind, "to get the favor of US developers and investors, we have to prove to them that the Goldwind production unit is as good as the wind turbines that they stand in the rest of the world." "For now, this is not a problem. "said the Goldwind International business market development manager, the Minnesota Project Goldwind production of the 3 Typhoon machine," the operation is very good, all reached 98%, 1 are 99%. "" The United States wind power enterprises are divided into three echelon, if the 71 Typhoon machine run for some time no problem, that Goldwind may enter the third echelon of the United States, or even directly into the second echelon.　　"Chen Hangfeng analysis.　　However, for the existing wind turbine market in the United States, Goldwind is likely to be seen as a "wolf from the east." "We will pay close attention to the progress of this project.　　"USW spokesman Wayne Ranick in a reply to a reporter's email.　　For now, with the exception of some oversight from the United States, huge sums of money may also put the goldwind under pressure. "The cost of human resources in the United States could be more than 10 times times higher than China's cheap labor."　　"Chen Hangfeng said. In this regard, the Goldwind international business market development manager said, "In view of the domestic market growth slowdown, domestic enterprises need to develop foreign markets to avoid new equipment line idling." "According to Goldwind technology 2010 years, its overseas income of 85.08 million yuan, accounting for the main income 1.35%." In October, the 2010 Beijing International Wind Energy Conference and exhibition, Goldwind Chairman and CEO of Wisco also told this reporter, Goldwind will be committed to achieve technology, market, capital, human resources four dimensions of internationalization. It is expected that in the next 3-5 years, overseas business income will account for about 30% of the company's total income.