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China and Ireland join to build 70MW Chile wind farm

Goldwind and Mainstream joint venture is third collaborative deal

Goldwind and Mainstream will work together to develop a 70MW wind farm
Renewable energy firms Goldwind and Mainstream will work together to develop a 70MW wind farm

Leading China and Ireland firms are working together to build a 70MW wind farm in Chile. The world’s fourth largest wind turbine manufacturer, China’s Goldwind and Global renewable energy developer, Ireland’s Mainstream Renewable Power have signed a 50/50 joint venture to build the first phase of the Ckani Wind Farm in the Antofagasta region of Northern Chile.

Under the terms of the agreement, Chicago based Goldwind USA, a subsidiary of Goldwind, will supply 47 GW87 1.5MW wind turbines. This is the third collaboration between Mainstream and Goldwind, and their second deal in Chile. In December last year Mainstream purchased 23 of Goldwind’s GW87 1.5MW wind turbines for the 34.5MW Negrete Cuel Wind Farm in central Chile.

The Ckani wind farm, which received environmental approval in December 2011, has a total potential capacity of 240MW and has been developed by Mainstream since 2009. It will be connected to the SING Electrical System and this first 70MW phase is expected to start construction by end of 2012. Mainstream plans to have all 240MW operational by 2015.

Wang Haibo, executive vice president of Goldwind and CEO of Goldwind International, said: “We are delighted to see such tremendous progress in a short period of time. While we have much work ahead of us in the Americas, our efforts in western markets are a testament to how our localised approach to globalisation has helped foster the ongoing health and growth of the global wind industry.”

“We are pleased to partner with Mainstream Renewable Power on the Ckani project,” said Tim Rosenzweig, CEO of Goldwind USA. “With Goldwind’s advanced Permanent Magnet Direct Drive technology and our ability to offer a variety of financing solutions, including project finance debt and preferred and common equity, we believe that Goldwind is well-positioned for continued success throughout North and South America.”

Commenting on the deal, Mainstream’s chief executive Eddie O’Connor, said: “Goldwind and Mainstream have established a strong and enduring relationship over the years and I am delighted that we are working together on such an exciting project for Chile. Strategic collaboration with China is core to Mainstream’s global strategy; this is our third deal with Goldwind, last year we opened our Beijing office and we also welcomed Liming Wang, director of the UCD Confucius Institute for Ireland, on to our Board of Directors.”

Offshore wind farm development will be a major focus of BigSwitch Offshore Wind, a global wind event, which Renewable Energy Technology (RET) is a proud sponsor. The event, which is taking place in Glasgow on 26th and 27th June, aims to advance technological developments across the global offshore wind industry. For more information on the event, please email RET Editor Heath Reidy at heath.reidy@bric.com.