08/11/2017

Goldwind Americas Signs 60MW Wind Turbine Supply Orders With One Energy

Goldwind Americas, a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. announced it has signed agreements to supply One Energy Enterprises LLC with a total of 60 megawatts (MW) of Goldwind turbines for various distributed generation wind energy projects as part of One Energy's innovative Wind for Industry® model.

As part of the framework agreement, a firm order of 20 GW 87/1500 turbines is scheduled for immediate delivery. The financing for One Energy's projects is being provided by Prudential Capital Group as part of a combined senior and subordinated debt facility.

"We are delighted to be working with One Energy and Prudential Capital in directly powering industrial facilities for some of the largest companies in the United States," said David Halligan, Chief Executive Officer of Goldwind Americas. "With their exceptional performance, reliability, and high-power quality, Goldwind's Permanent Magnet Direct Drive (PMDD) turbines are equally well-suited for utility-scale and distributed generation projects."

The first four turbines will be installed for Wind for Industry® projects to supply wind energy to Whirlpool Corporation facilities in Marion and Ottawa, Ohio.

"Manufacturers are taking control of their energy future. They want clean energy, they want low fixed rates, and they want it now; and that is exactly what we give them. Goldwind has earned their seat at the table for this emerging Commercial & Industrial (C&I) market over the last five years. We know their technology and their management team very well and they continue to demonstrate a worldwide commitment to support these direct-to-load projects," expressed Jereme Kent, Chief Executive Officer of One Energy Enterprises. "We look forward to continuing to grow our fleet of Goldwind turbines."

As part of this order and continued growth, One Energy plans to start stocking turbines at its yard in the United States in order to shorten the project delivery time for Wind for Industry® projects. This turbine agreement was designed to create a framework where One Energy can work towards delivering wind projects in 90 days.

"We aren't there yet, but we are headed that way as fast as we can," said Jereme Kent.

One Energy's Wind for Industry® model is designed to achieve a significant reduction of an industrial facility's electrical consumption from the grid as well as provide manufacturers with 20 years of electricity-rate certainty through installing one or more utility-scale wind turbines and interconnecting them on the facility's side of its utility meter.