in News Departments > FYI
print the content item

Goldwind reports the company has achieved the fourth and final milestone of GL Garrad Hassan's criteria for "Commercially Proven Status" in North America: 100 equivalent wind turbine years of operation above 95% availability in the market.

In fact, Goldwind says the 1.5 MW permanent-magnet direct-drive platform operating in North America has been independently validated by a leading European engineer at above 98% average availability - higher than what is required to satisfy the standard.

Though banks and developers may not explicitly rely on the GL Garrad Hassan qualification of  “Commercially Proven” (found within the Technical Memo on Turbine Reliability Risk Assessment) to determine commercial viability, Goldwind says this milestone is widely regarded among Western industry participants and financiers as the final threshold to be considered "financeable." 

“Having recently sold our 109.5 MW Illinois wind farm to a Western buyer and having closed a $71 million project financing with Western lenders in Panama, we are excited that this performance milestone further advances our calculated and measured market-entry plan and unlocks vast new pools of capital for our customers," comments CEO of Goldwind in the Americas, Tim Rosenzweig.








Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

Acciona_id1907
JLG_id1900
UEA_id1896
WomenofWind_id
AWEA_id1886
bonfiglioli_id1913