Goldwind inks USD-28.6m deal to set up wind turbine factory in Brazil

Chinese wind turbine maker Xinjiang Goldwind Science & Tech Co Ltd (HKG:2208) intends to pour BRL 150 million (USD 28.6m/EUR 26.6m) to create a manufacturing base in Brazil, targeting to set it up in the state of Bahia.

Goldwind Energias Renovaveis, a unit of the Chinese company, has signed a protocol of intent with state authorities, the press office of Governor Jeronimo Rodrigues announced last week. The pact outlined the manufacturer’s investment proposal and its partnership with the state.

The wind turbine maker’s plan is expected to open around 250 direct and 850 indirect jobs. According to Jose Eduardo Teixeira, general director of Goldwind Brazil, the Latin American country is offering excellent opportunities as a whole, while Bahia, in particular, boasts a strategic position and good road and port infrastructure. He pointed out that the price of its products could become much more competitive if it manages to bring in some of its suppliers to the region.

Goldwind’s plan was unveiled following negotiations with three Brazilian states, including Bahia, Ceara and Pernambuco. Roberto Veiga, general manager of Goldwind in Brazil last October told Reuters that the company will aim at launching deliveries from the new factory in 2024.

(BRL 1.0 = USD 0.191/EUR 0.177)

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