Latest news with #Goldwind
Business Recorder
21-05-2025
- Business
- Business Recorder
Going green: Power Cement to install 7.5MW wind plant
In a significant step toward sustainability, Power Cement Limited (POWER) has announced plans to set up a 7.5MW wind power project, which is expected to go live by FY2026. The listed cement maker shared the development during its corporate briefing session on Wednesday. The project will utilise Goldwind turbine with a capacity of 7,500 kW and will follow a rental model, similar to the company's existing solar agreements. 'Expected completion is targeted within FY2026,' the company stated. Upon the project's completion, wind energy would account for 11% of Power Cement's energy mix. The company already generates 34% and 6% of its energy from WHRS (Waste Heat Recovery System) and solar, respectively. Whereas, the remaining 60% comes from HESCO. Founded in 1981, Power Cement Limited stands as the flagship Company of Arif Habib Group, a prominent financial and industrial conglomerate. The factory site of the company is located at Motorway M-9, Nooriabad, Sindh. The company was previously known as Al-Abbas Cement Limited until its acquisition in 2010 by the Arif Habib Group. Presently, the company has three manufacturing lines, with a cumulative nameplate clinker production capacity of 10,700 TPD, with total annual capacity of 3.21 million tons. The company is one of the largest players in Pakistan's South zone with a total annual cement production capacity of 3.37 million tons, 11,235 TPD. The announcement aligns with a broader industry shift in Pakistan toward renewable energy as companies look to cut energy costs and reduce reliance on the national grid. Last month, Thatta Cement Company Limited completed and commissioned a 4.8MW wind power project at its plant in Thatta, Sindh. Earlier this month, Ali Asghar Textile Mills Limited (AATM), a former textile unit turned logistic service provider, informed it was developing a 1,00KW (1MW) solar power project, which has now entered the execution phase. In March, Tariq Corporation Limited announced plans to set up a 200KW solar power system at its facility.
Zawya
20-05-2025
- Business
- Zawya
Oman: ‘Climate-adapted' turbines for PDO wind farms
MUSCAT: Chinese multinational wind turbine manufacturer Goldwind is set to make its debut in Oman's sizable wind energy space with a contract to supply wind turbines for a pair of wind farms with a combined capacity of 234 MW. The partnership of Omani state-owned OQ Alternative Energy (OQAE) [with a 51 per cent shareholding] and French integrated multi-energy group TotalEnergies (49 per cent) is developing the two wind farms in the southern part of the Block 6 concession of Petroleum Development Oman (PDO), currently the largest producer of hydrocarbons in Oman. Output from the two wind farms, dubbed Riyah-1 and Riyah-2, will be supplied to PDO under long-term power purchase agreements. Agreements green-lighting the start of work on these wind farms, among other initiatives, were signed last week. PowerChina Huadong Engineering (PowerChina) was named the Engineering, Procurement and Construction (EPC) contractor. For Beijing-headquartered Goldwind, which was ranked the largest supplier of wind turbines to the global market in 2024, the Oman contracts represent a further expansion into the lucrative Middle East market. 'We are honoured to announce that Goldwind, as the wind turbine supplier for the 234 MW Riyah 1&2 wind projects, is partnering with OQ Alternative Energy (OQAE) and TotalEnergies to deliver Oman's largest wind power initiative—marking a historic step in the nation's decarbonization journey. It also represents Goldwind's entry into its global market, reinforcing our commitment to worldwide sustainable energy solutions,' the Chinese firm stated in a post. According to Goldwind, the two wind farms will be equipped with the company's 'climate-adapted turbines' designed to displace 740,000 tonnes of CO₂ annually, which is equivalent to removing 160,000 cars from roads. 'These projects will supply green electricity to the Petroleum Development Oman (PDO) electricity transmission network through long- term power purchase agreements. This represents a pioneering model of integrating renewable energy into the traditional fossil fuel sector, demonstrating Oman's strong commitment to decarbonizing its oil and gas sector,' it noted. Ranked among the Top 5 wind turbine manufacturers in China, Goldwind is credited with delivering more than 53,000 wind turbines worldwide as of the end of Q3 2024, boasting a global cumulative installed capacity exceeding 128GW. According to the Global Wind Energy Council's (GWEC) annual Supply Side Data report, Goldwind remained the world's leading turbine supplier, installing more than 20 GW in 2024 – a new record. As of the end of Q1 2025, the company's total order backlog was 51.09GW, which includes 48.6 GW of external orders. Oman, with a requirement of hundreds of wind turbines to meet its target of securing at least 30 per cent of its energy needs from renewables, represents a key market for manufacturers like Goldwind. Additionally, an estimated 2,000 wind turbines will also be required to support Oman's green hydrogen productions targets by 2030.
Observer
19-05-2025
- Business
- Observer
‘Climate-adapted' turbines for PDO wind farms
MUSCAT, MAY 19 Chinese multinational wind turbine manufacturer Goldwind is set to make its debut in Oman's sizable wind energy space with a contract to supply wind turbines for a pair of wind farms with a combined capacity of 234 MW. The partnership of Omani state-owned OQ Alternative Energy (OQAE) [with a 51 per cent shareholding] and French integrated multi-energy group TotalEnergies (49 per cent) is developing the two wind farms in the southern part of the Block 6 concession of Petroleum Development Oman (PDO), currently the largest producer of hydrocarbons in Oman. Output from the two wind farms, dubbed Riyah-1 and Riyah-2, will be supplied to PDO under long-term power purchase agreements. Agreements green-lighting the start of work on these wind farms, among other initiatives, were signed last week. PowerChina Huadong Engineering (PowerChina) was named the Engineering, Procurement and Construction (EPC) contractor. For Beijing-headquartered Goldwind, which was ranked the largest supplier of wind turbines to the global market in 2024, the Oman contracts represent a further expansion into the lucrative Middle East market. 'We are honoured to announce that Goldwind, as the wind turbine supplier for the 234 MW Riyah 1&2 wind projects, is partnering with OQ Alternative Energy (OQAE) and TotalEnergies to deliver Oman's largest wind power initiative—marking a historic step in the nation's decarbonization journey. It also represents Goldwind's entry into its global market, reinforcing our commitment to worldwide sustainable energy solutions,' the Chinese firm stated in a post. According to Goldwind, the two wind farms will be equipped with the company's 'climate-adapted turbines' designed to displace 740,000 tonnes of CO₂ annually, which is equivalent to removing 160,000 cars from roads. 'These projects will supply green electricity to the Petroleum Development Oman (PDO) electricity transmission network through long- term power purchase agreements. This represents a pioneering model of integrating renewable energy into the traditional fossil fuel sector, demonstrating Oman's strong commitment to decarbonizing its oil and gas sector,' it noted. Ranked among the Top 5 wind turbine manufacturers in China, Goldwind is credited with delivering more than 53,000 wind turbines worldwide as of the end of Q3 2024, boasting a global cumulative installed capacity exceeding 128GW. According to the Global Wind Energy Council's (GWEC) annual Supply Side Data report, Goldwind remained the world's leading turbine supplier, installing more than 20 GW in 2024 – a new record. As of the end of Q1 2025, the company's total order backlog was 51.09GW, which includes 48.6 GW of external orders. Oman, with a requirement of hundreds of wind turbines to meet its target of securing at least 30 per cent of its energy needs from renewables, represents a key market for manufacturers like Goldwind. Additionally, an estimated 2,000 wind turbines will also be required to support Oman's green hydrogen productions targets by 2030.
Jordan Times
26-03-2025
- Business
- Jordan Times
World installed record renewable energy in 2024, driven by China: report
An aerial view shows wind turbines of Chinese company Goldwind in Zhangjiakou, northern China's Hebei province on March 26, 2025 (AFP photo) DUBAI — The world installed a record amount of renewable energy capacity last year, largely driven by China, according to a report published on Wednesday by the International Renewable Energy Agency (IRENA). Generating capacity from the likes of solar, wind, hydroelectric and geothermal energy, grew by 15.1 per cent globally, reaching close to 4.5 terawatts, according to the report from IRENA. Across the world, 585 gigawatts of renewable capacity was added to grids, accounting for 92.5 per cent of all new electricity-generating capacity installed last year. "The continuous growth of renewables we witness each year is evidence that renewables are economically viable and readily deployable," Francesco La Camera, IRENA's director said in a statement. "Each year they keep breaking their own expansion records, but we also face the same challenges of great regional disparities and the ticking clock," he added. To achieve a global goal, agreed at the COP28 climate summit in 2023, to triple renewable energy generation capacity by 2030 the world must reach 11.2 terawatts. That will require annual growth of 16.6 percent until the end of the decade, the report said. Last year, Asia was central to global renewable growth, with China alone accounting for 64 percent of new capacity worldwide. More than three-quarters of all the newly installed capacity worldwide was in the form of photovoltaic cells, which turn solar energy directly into electricity. Of that, China accounted for more than half. Simon Stiell, executive secretary of the UN's climate treaty process, said in the same statement that "renewables grew in Asia at double the rate in Europe". "Clearly there is still so much opportunity for Europe to step up the pace." "In a global clean energy boom that hit $2 trillion last year -- the dividends on offer are monumental," he added.
Bloomberg
06-02-2025
- Business
- Bloomberg
Global Wind Market Shifts as Chinese Exports Expand
Chinese wind turbine makers are expanding their global footprint at an impressive rate. Leading manufacturers like Goldwind, Envision, Mingyang and Windey are exporting their turbines at a significant discount to Western incumbents, undercutting their rivals and establishing themselves in developing economies and emerging markets. Yet while the volume of their orders has risen, significant barriers to entry remain, including low brand awareness, a limited track record outside of China and political risks that are raising red flags for buyers, lenders and insurers. So just how large is the threat these Chinese manufacturers pose to established Western companies? On today's show, Tom Rowlands-Rees is joined by Oliver Metcalfe, BloombergNEF's Head of Wind, to discuss the note 'China Wind Turbine Export Update: Momentum Builds'.
