MONEY FROM CHINA FOR WIND HERE AND EVERYWHERE
Goldwind signs loan deal for foriegn expansion
James Quilter, 10 February 2012 (Windpower Monthly)
"Goldwind has secured a credit agreement with Xinjiang Uygur branch of the Export-Import Bank of China to finance the manufacturer's expansion overseas…The five-year deal consist of credit loans and guarantees to Goldwind for the development of projects in overseas markets and the export of equipment.
"This is the second finance deal Goldwind has signed this month. On 1 February Goldwind signed an agreement with China Development Bank (CDB) for $5.6 billion."
Funding like this is why there are so many Chinese names on this list. (click to enlarge)
"Goldwind has been busy on the international market over the last year. The manufacturer's US foothold includes the 4.5MW pilot Uilk project in Minnesota and 109.5MW Shady Oaks in Illinois, to be completed this quarter.
"The CDB finance is to help construct projects in Goldwind's domestic market. Under the agreement, Beijing Tianrun New Energy Co. Ltd., a Goldwind subsidiary, will receive the loans from CDB up to 2013 to develop, construct and operate wind farms in China. It will also and launch and acquire companies…"