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Chinese turbine maker Goldwind has announced approximately RMB 505.6 million in profit before tax for financial year 2013, a big jump from nearly RMB 206.9 million in 2012. Furthermore, the company reports RMB 12 billion in revenue from operations, an 8.65% increase from about RMB 11.2 billion last year.

According to Goldwind's 2013 financial report, wind turbine sale revenues in 2013 increased 6.06% from 2012. Wind power services had revenues of RMB 589.96 million in 2013, up 50.45% from 2012. Revenues from electric power generated by wind farms operated by Goldwind in 2013 were RMB 384.62 million, up 52.65% from 2012.

Goldwind says its domestic newly installed capacity in China for 2013 was 3.75 GW, with a corresponding market share of 23.30%. According to a recent report from MAKE Consulting, Goldwind also became the second-largest wind turbine manufacturer in the world in 2013, with a global market share of 10.3%.

“The global wind power industry faced many challenges in 2013,” says Wu Gang, chairman of the board of Goldwind. “In comparison, China’s environmental policies were more encouraging for the wind power industry, and the market environment improved. China’s wind farm grid connectivity and curtailment improved in 2013 as the government introduced several encouraging policies, and after two years of industry adjustments, China’s wind power industry welcomed a gradual recovery.”

As of Dec. 31, 2013, Goldwind had a total of 3.36 GW in outstanding orders for wind turbines and had won bids for projects totaling 4.15 GW for which contracts have not yet been signed. The combined order backlog was about 7.52 GW at year-end 2013.

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