Goldwind lands major green power deal in Brazil

Chinese turbine manufacturer Xinjiang Goldwind Science & Technology Co Ltd is committed to further expanding its presence abroad with the acquisition of its first overseas wind turbine manufacturing plant in Brazil.

The company finalized an agreement with General Electric to acquire the Camacari assembly plant located in Bahia state, Brazil, in May, which is set to commence mass production of wind turbines by the end of 2024, creating more than 1,000 jobs in the region, it said.

Optimistic about the long-term prosperity of the Brazilian wind power market, which is committed to doubling its wind power sector in size by 2030 with investments projected to reach 246.5 billion yuan ($34 billion), Goldwind said its investment in Brazil will better enhance local supply chains while taking advantage of the rich wind resources in the region.