Goldwind guarantees €34.65m for renewable energy projects

Goldwind Technology (Goldwind) announced that it is providing guarantees for its wholly-owned subsidiaries, Goldwind International Renewable Energy and Goldwind Turkey. They are acting as joint suppliers in wind turbine supply and installation agreements with Errol Enerji Üretimi Sanayi ve Ticaret Anonim Şirketi (Errol) and Tunna Enerji Üretimi Sanayi ve Ticaret Anonim Şirketi (Tunna). The total guarantee amount is up to €34,650,000. This represents 0.74% of Goldwind’s audited net assets for 2024.

The guarantee covers the performance obligations of both subsidiaries under the agreements, with the duration extending from the submission date of the advance payment guarantee until the completion of seller responsibilities. Investors are advised to note that Goldwind Turkey Enerji Anonim Şirketi, one of the guaranteed entities, has a debt-to-asset ratio exceeding 70%, as its net assets were negative RMB 1,379,135.24 as of August 31, 2025.

As of the latest reporting, Goldwind and its holding subsidiaries have outstanding external guarantees totaling RMB 1.279 billion, which is 3.32% of the company's most recently audited net assets. There are no overdue guarantees or guarantees involved in litigation.