A Chinese company recently signed a deal with All Earth Renewables in Vermont to supply the Georgia Mountain wind farm with four of its 2.5MW turbines, marking the first all-2.5 MW project for the company in the Americas. While the company, Goldwind, installed three 2.5-MW demonstration turbines at its Shady Oaks project in Illinois, the Georgia Mountain project is the first to have the company’s most advanced permanent magnet direct drive turbine in the Americas. Construction is planned for this year, and will supply energy to 4,200 Vermont households when complete.
The 2.5-MW turbine’s scale reduces capital and operational expenditure on a per-kWh basis, reduces the parts-count per kW of capacity relative to geared machines, and continues to drive down the kWh cost of renewable energy with its unsurpassed reliability, Goldwind says.
As perhaps the most encouraging development for Goldwind in the United States, the Georgia Mountain deal is the most recent example of several Goldwind projects in the United States that were financed domestically – further signaling bankability in the US market, the company says. The Georgia Mountain project will be financed by Merchant’s Bank in Vermont.