Rattlesnake Wind Project Begins Construction in Texas

BROOMFIELD, CO - Renewable Energy Systems (RES), a leader in the development, engineering, and construction of wind, solar, transmission, and energy storage projects in the Americas, and Chicago-based Goldwind Americas, a subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind), a world leading wind turbine technology and energy solutions provider, are pleased to announce authorization of notice to proceed (NTP) on construction for the Rattlesnake Wind Project located in McCulloch County, Texas. The 160 MW project was acquired by Goldwind from RES in May of 2016.

The Rattlesnake Wind Project will be RES eighteenth wind project in the state of Texas, and the first in partnership with Goldwind Americas. The development will consist of 64 Goldwind 2.5MW Permanent Magnet Direct-Drive (PMDD) 109m turbines. Once completed, Rattlesnake will be Goldwinds largest U.S. wind project to date.

"Goldwind Americas is proud to be working with RES to construct this milestone project, our first project in Texas and first tax equity financed project," said David Halligan, Chief Executive Officer of Goldwind Americas.

"RES is proud to have already constructed nearly 15% of the total wind power capacity in Texas. Together, with Goldwind Americas, we are creating jobs, reducing emissions and delivering economic benefits to local communities," said Ivor Catto, Chief Executive Officer of RES.

Rattlesnake Wind was developed and will be constructed under a Balance of Plant agreement by RES. Goldwind Americas secured financing for the project from Berkshire Hathaway Energy and Citi, a first of its kind for a Chinese wind energy technology company.

Rattlesnake was developed in coordination with local stakeholders and 32 participating landowners. The project has tax incentive agreements in place with McCulloch County, McCulloch County Hospital District, Brady Independent School District (ISD), and Lohn ISD.

About RES
Renewable Energy Systems (RES) is a leading global renewable energy company. RES has constructed over 160 renewable energy projects with a total capacity of more than 12,000-megawatts (MW) around the world. RES has been active in North America since 1997, and has a renewable energy and storage construction portfolio that exceeds 9,000 MW and over 100 projects, and has constructed more than 1,000 miles of overhead and transmission lines. In addition, RES has a robust development pipeline of wind, solar, and energy storage projects across North America, and the company currently operates more than 250 MW of renewable energy and storage projects. For more information visit http://www.res-group.com/en/.

About Goldwind Americas
Goldwind Americas, headquartered in Chicago, is a world leading wind turbine technology and energy solutions provider. A wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd (SZSE: 002202) (HK: 2208),
Goldwinds revolutionary Permanent Magnet Direct-Drive (PMDD) technology is shaping a new standard in wind energy. Goldwind Americas offers a full suite of innovative renewable energy solutions, including equipment sales, service, and capital. To learn more, visit www.goldwindamericas.com.