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Clean energy giant Goldwind leads China's global sector push

China has surged to the top in wind energy in recent years, becoming the world's forerunner in the sector, with AFP examining how companies like Goldwind have driven this transformation.
China's wind energy progress is fueled by explosive domestic demand and aggressive pursuit of strategic and environmental targets by Beijing.
Goldwind, established in 1998 by Wu Gang, an engineer-turned-entrepreneur, has risen to become China's sector champion and a global leader in wind turbine technology and installed capacity, with its financial results on Friday offering insights into its operations.
According to a BloombergNEF report, Chinese companies, including Goldwind which held the top spot, accounted for six of the top seven turbine manufacturers worldwide last year, marking the first time European and US firms ranked below third.
Western nations are expressing concerns about China's wind energy boom, especially regarding overcapacity and the potential for cheap imports to undercut local players such as Denmark's Vestas and GE Vernova of the United States, leading the European Union to investigate subsidies received by Chinese firms exporting turbines.

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South China Morning Post

Center

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

2 days ago·Hong Kong

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Bloomberg

Lean Left

Top Turbine Maker Goldwind Reports 40% Jump in Profit

Goldwind Science & Technology Co., the world’s largest wind-turbine maker, said its full-year earnings climbed in 2024 as revenue gained on growing component sales.

3 days ago·United States

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WFMZ

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Center

Clean energy giant Goldwind leads China's global sector push

China has rushed ahead in recent years as the world's forerunner in wind energy, propelled by explosive local demand as Beijing aggressively pursues strategic and environmental targets.

3 days ago·Pennsylvania, United States

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thedailycpec.com

China hits record 2 Billion kW in clean energy expansion

China hits record 2 Billion kW in clean energy expansion reiterating its commitment of transition towards clean energy. China’s non-fossil fuel power generation capacity surpassed the significant milestone of 2 billion kilowatts by the end of February, reinforcing its global leadership in clean energy transition and marking a major advancement toward its climate objectives, according to industry analysts. For the first time, China’s installed no…

2 days ago

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YUAN TALKS

World's Top Wind Turbine Maker Goldwind Sees 40% Net Profit Growth in 2024, Overseas Sales Surges 53% - YT FINANCE

Goldwind Technology (002202.SZ / 02208.HK), the world’s largest wind turbine manufacturer, reported a revenue of 56.5 billion yuan for 2024, a 12.5% year-on-year increase, and net profit reached 1.86 billion yuan, up 40% from the previous year.

2 days ago

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Macau Business

Chinese energy giant Goldwind posts annual growth as overseas drive deepens

Chinese clean energy giant Goldwind charted solid growth last year, a stock filing showed Friday, as the leading turbine manufacturer’s push into overseas markets continues to deepen. China now dominates the global wind sector in terms of total installed capacity, aided over the years by generous strategic subsidies from Beijing and rapid growth in the vast domestic market. Goldwind and other major players from the country are now looking to boo…

3 days ago

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