Chinese wind turbine manufacturer Goldwind Science & Technology, listed on the Hong Kong and Shenzhen stock exchanges, announced that its Moroccan subsidiary, Goldwind Morocco, achieved a revenue of 29.4 million U.S. dollars in the first quarter of 2026. This figure exceeds the subsidiary's total revenue for the entire year of 2025.
The company, headquartered in Casablanca Finance City, has been operating in Morocco for seven years, focusing on wind and solar energy projects. The strong first-quarter performance reflects the growing demand for renewable energy in Morocco, which aims to increase its renewable energy capacity to 52% of total installed capacity by 2030.
Goldwind has been involved in several key projects in Morocco, including the installation of wind turbines in the Tarfaya and Taza regions. The company's commitment to the Moroccan market is part of its broader strategy to expand in Africa and the Middle East.
The 29.4 million dollars in revenue for Q1 2026 represents a significant milestone, as it already surpasses the full-year 2025 figure, indicating accelerated project execution and increased orders. Goldwind Morocco has not disclosed the exact revenue for 2025, but the Q1 2026 performance suggests strong growth.
This achievement aligns with Morocco's National Energy Strategy, which targets 52% renewable energy capacity by 2030, up from around 37% in 2023. Goldwind's continued investment in the country supports this goal and highlights the potential for further expansion in the North African renewable energy market.
