Goldwind secures investment from Berkshire Hathaway Energy and Citi for 160MW Rattlesnake Project
CHICAGO (May 1st, 2017) –Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) (SZSE: 002202) (HK: 2208), 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 realibity 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.”
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 also been named twice 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.
Goldwind originated and structured the acquisition and financing of the Rattlesnake Wind Project, being the first of its kind for a Chinese wind energy technology company. This joint-investment also marked as overall bankability of Goldwind wind turbine.