HK Stock Market Move | Goldwind Science & Technology (02208) rose nearly 3% in the morning session, winning a 105.4MW wind turbine order from Brazil.

Goldwind Science & Technology (02208) rose nearly 3% in the morning session, and as of the time of writing, it has risen by 2.47% to HK$7.05, with a turnover of HK$7,021.6 million. On the news front, according to market reports, SPIC Brasil, a subsidiary of China's State Power Investment Corporation (SPIC), has signed a wind turbine procurement agreement with Goldwind Science & Technology to build a wind power facility with an installed capacity of 105.4 megawatts (MW) in the state of Rio Grande do Sul in Brazil. SPIC Brasil CEO Adriana Waltrick stated that the project will require an investment of 755 million reais, but did not reveal the value of the equipment contract. On average, equipment accounts for 65% to 75% of the total project cost. The project will install 17 wind turbines, each with a power of 6.2 MW. It is understood that in June of this year, State Power Investment Corporation announced plans to build two new wind farms in northeastern Brazil with a total installed capacity of 105.4 MW. Construction is expected to start in January 2025 and the facilities are scheduled to be operational by 2026. The two wind farms, Paraso Farol (Paradise Lighthouse) and Pedra Amolar (Sharp Stone), will respectively install 7 turbines with a capacity of 43.4 MW and 10 turbines with a capacity of 62 MW. The wind turbines supplied by Goldwind Science & Technology for this localization project are for these two projects.