China’s Goldwind signs contract to repair wind turbines in Brazil

2 July 2018

Chinese company Goldwind has signed a 1 billion real (US$270 million) contract with Brazil’s Energimp to repair or replace 242 wind turbines, mostly at a standstill due to lack of maintenance since Argentine company Impsa went bankrupt in 2015, the Brazilian press reported.

The turbines are installed in two locations in the Northeast of Brazil and two in the south of the country, and the few that are still in operation are under management by renewable energy company Energimp, currently controlled by the former creditors of Impsa, Caixa Económica Federal and Fundo de Investimento do Fundo de Garantia do Tempo de Serviço – FI-FGTS.

Rafael Guerra, the business development manager at Goldwind’s Brazil office in São Paulo, said the turbines will be shipped to China, and in an initial phase, the company undertakes to repair or replace 181 units within a year. When all the repaired units are added back into the national grid they will provide 363 megwatts of electricity.

The Brazilian press reported that the agreement, which also involves long-term operations and maintenance contracts, only became possible in early 2016 when Goldwind won a legal battle over the right to market in Latin America the Vensys technology used in Goldwind and Impsa turbines, following the bankruptcy proceedings against the Argentine company, which involved billions of reais.

In Chile and other countries, such as Ecuador, Goldwind is simply a supplier of turbines, but in Argentina it recently acquired 300 megawatts of wind energy assets that it will build in the coming years and in Brazil, where it has its headquarters in South America, it has opened service centres as part of the contract with Energimp. (macauhub)