Chinese wind turbine maker blows down U.S. rivals

Goldwind bought two 10-megawatt wind farms in Montana to showcase its equipment and has taken orders in seven other U.S. states.

China’s second-largest wind-turbine maker is beating its American competitors on their own home turf.

Xinjiang Goldwind Science & Technology Company has increased its share of the U.S. wind turbine market. Its market share is growing the fastest of the top five wind turbine manufacturers, according to Bloomberg.

“Goldwind has financed a large-scale project to prove its turbine viability, and the other Chinese manufacturers haven’t done that,” said Amy Grace, a wind industry analyst for the London- based researcher.

“There’s no question that Goldwind will have more U.S. sales.”

Goldwind bought two 10-megawatt wind farms in Montana to showcase its equipment and has taken orders in seven other U.S. states since it started sales in the region in June 2010. It sales rose 71% in 2010.

Based in Urumqi, Goldwind is one of the largest turbine manufacturers in China and one of the top five in the world. It holds 25% of the Chinese wind power market.

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