Goldwind’s Helios Project in Argentina Received 475 Million US Dollars Loan Support from International Bank Syndicate

(April 29th, 2019 – Beijing, China) Goldwind, Bank of China (hereinafter referred to as BOC) and Banco Santander (or Santander Bank) successfully signed the Syndicated Facility Agreement, granting 475 million US dollars for the Helios project in Argentina.

In 2015, BOC assisted in issuing Goldwind green bond overseas, which was the first green bond issued overseas by a Chinese enterprise. The signing of this agreement is another milestone for the cooperation between BOC and Goldwind, it is also the first cooperation between Goldwind and Banco Santander. Ms. Geng Yuanyuan, Deputy General Manager of Finance Department of BOC, Mr. Dou Bo, President of Xinjiang Branch of BOC, Mr. Wang Jianhong, President of Beijing Branch of BOC, Mr. Zhong Guoqiang, Head of Global Banking and Corporate Finance Department of Banco Santander Asia Pacific, Mr. Wang Haibo, President of Goldwind, Mr. Wu Kai, Executive Vice President of Goldwind, Mr. Gao Jinshan, Vice President of Goldwind, and other relevant leaders attended the signing ceremony.

The recently concluded Second Belt and Road Forum for International Cooperation (BRF) has achieved fruitful results in global cooperation. The international syndicated loan was jointly underwritten by the BOC and Banco Santander in accordance with the Financing Guidelines for the Belt and Road Initiative released by the BRF to support the construction of the 355 MW wind power project in Argentina.

The Helios Project in Argentina broke ground at the end of 2018. It will be connected to the grid and start power generation at the end of 2019. After the project is completed, its total capacity can account for 40% of the wind power capacity installed in Argentina. This international syndicated financing is the largest one for Goldwind in Latin America and a successful one for the largest wind farm held by Goldwind in Latin America. It is another important milestone for the Helios project in Argentina, which laid a solid foundation for the smooth progress of the project. It is also another financing successfully closed by Goldwind in countries along the Belt and Road Initiative.