BUSINESS

Turbine-Maker Goldwind Aims to Get One-Third of Sales From Overseas as Expansion Gains Speed

Published: Oct. 29, 2025 6:35 p.m. GMT+8

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Goldwind Science & Technology Co. Ltd. (002202.SZ), the world’s largest wind turbine maker, aims for its overseas business to account for one-third of total sales within the next five years, a senior executive said.

“Over the past five years, Goldwind’s overseas business has maintained an annual growth rate of around 50%,” said Wu Kai, vice president of Goldwind and chairman of its international unit, in a recent interview with Caixin. The company’s international sales rose to 29.4% of total revenue in the first half of 2025, up from 21.2% in 2024.

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This is an AI-generated English rendering of original reporting or commentary published by Caixin Media. In the event of any discrepancies, the Chinese version shall prevail.

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Goldwind aims for overseas business to reach one-third of total sales in five years; international sales rose to 29.4% in H1 2025.
Chinese wind turbine makers won a record 19.28 GW of overseas orders in Q1-Q3 2025.
Goldwind expanded global production, opened a Brazil factory in 2024, and has projects in 47 countries with over 2 GW installed in South America and Asia (excluding China).

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Who’s Who

Goldwind Science & Technology Co. Ltd.: Goldwind Science & Technology Co. Ltd. (002202.SZ) is the world's largest wind turbine maker. It aims for overseas business to reach one-third of total sales within five years, following a 50% annual growth rate over the past five years. International sales hit 29.4% of revenue in H1 2025. Goldwind is expanding internationally, with its first overseas factory in Brazil opening in August 2024.

Kaiyuan Securities Co. Ltd.: Kaiyuan Securities Co. Ltd. published a report indicating that China's top seven wind turbine manufacturers achieved a record high of 19.28 gigawatts (GW) in overseas orders during the first three quarters of 2025. This highlights a significant trend of Chinese wind power companies expanding internationally.

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