Increased profit by 43 times: what numbers the largest manufacturer of wind turbines boasted

It seems that green energy is gaining a new wave of popularity. At least, the earnings of the respective companies directly indicate this.

Impressive indicators

Goldwind Science Company & Technology, which is the world's largest maker of wind turbines, reported net income of $56.9 million for the third quarter of 2024. This is as much as 43 times more than in the same period last year, according to Bloomberg.

As for turnover, it grew to 15.6 billion yuan on an annual basis. This is 52% more than the previous indicator.

What is the reason for this growth

Experts report that the reason for such a rapid increase in indicators lies in the reduction of the cost price products This was also facilitated by the rapid development of clean energy in China. This is where the largest wind energy market is, with at least 10 major players.

Goldwind Science & Technology is also the largest exporter of turbines from China.