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Xinjiang Goldwind Secures Investment From Berkshire Hathaway Energy And Citi For 160MW Rattlesnake Project

CHICAGO, May 1, 2017 /PRNewswire/ -- Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) (002202.SZ) (2208.HK), today announced its wholly-owned subsidiary has received tax equity financing commitments from MidAmerican Wind Tax Equity Holdings (a Berkshire Hathaway Energy subsidiary) and Citi, for its 160-megawatt (MW) Rattlesnake Wind Project located in McCulloch County, Texas.

"We are very pleased to partner with world-class institutions Berkshire Hathaway Energy and Citi on this innovative and breakthrough deal. Their support is a testament to the performance and reliability of Goldwind's Permanent Magnet Direct Drive (PMDD) wind turbine technology, with its industry-leading availability," said Mr. Wu Gang, Chairman of Goldwind. "Goldwind will continue our internationalization strategy."

"Citi is proud to support this innovative project, which is being developed by Goldwind, the largest Chinese wind turbine manufacturer," said Marshal Salant, Global Head of Alternative Energy Finance at Citi. "The Rattlesnake Wind Project offers a great example of Citi's commitment to supporting the global aspirations of its clients, enabling growth and economic progress through investment in sustainable energy solutions."

With its strong R&D capabilities, Goldwind is the world's largest manufacturer of PMDD wind turbines, which is representing the industry's next generation technology. Goldwind has twice been named to the list of the "top 50 most innovative companies in the world" by the MIT Technology Review.

The approximately $250 million Rattlesnake Wind Project, utilizing 64 Goldwind GW 109/2.5MW PMDD wind turbines, will bring significant economic benefit to the community of McCulloch County and support approximately 250 well-paying construction and service-related jobs. Once operational, the project will be Goldwind's largest U.S. wind project to date.

About Goldwind
Xinjiang Goldwind Science & Technology Co., Ltd is a world leading wind turbine technology and energy solutions provider (002202.SZ) (2208.HK). With more than 38 GW of capacity worldwide, Goldwind's revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind offers its innovative comprehensive solutions for renewable energy development, including equipment manufacturing and sales, service, and investment. To learn more, visit www.goldwindglobal.com.

About Goldwind Americas
Goldwind Americas, headquartered in Chicago, is a world leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd.
To learn more, visit www.goldwindamericas.com.

GOLDWIND U.S. MEDIA CONTACTS:

Colin Mahoney
Mahoney Communications Group
T:  +1 (212) 220-6045
E:  colin@mahoneycommunications.com

Erica Carr
Corporate Communications Specialist
Goldwind Americas
M:  +1 (480) 239-2834
E:  ecarr@goldwindamericas.com

 

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