Goldwind sells 19.5MW Australian wind farm

CHINA: Goldwind has sold its 19.5MW Mortons Lane wind farm to developer China Guangdong Nuclear (CGN) Wind Energy.

The project uses Goldwind's 1.5MW turbines
The project uses Goldwind's 1.5MW turbines

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At the purchase ceremony in Sydney, CGN chairman Chen Sui, said the purchase of the ML project marked a breakthrough in its strategy to expand outside China.

The ML project is located in the western part of Victoria State, Australia. It consists of 13 1.5MW Goldwind direct-drive turbines at 230 metres above the sea level.

The ML wind farm was constructed by Mortons Lane WindFarm, a wholly-owned subsidiary of Goldwind. In November 2011, the ML wind farm was approved to be connected to the local grid.

Goldwind asset sales

Goldwind has sold a series of assets recently. This week, it announced the sale of its 50% share in its wind developer subsidiary Shangdu Tianrun to China Three Gorges New Energy.

Last month, Goldwind sold its wholly-owned blade manufacturer Tellhow Wind Power to Sinoma Science and Technology subsidiary Simomatech for CNY 215 million ($33 million). Goldwind said the sale would allow it to "reduce investment in production".

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