Vision In The Wind Energy Market Turns Farmer's Son Into The World's Largest Wind Turbine Tower Manufacturer

Vision In The Wind Energy Market Turns Farmer’s Son Into The World’s Largest Wind Turbine Tower Manufacturer

Written by Flavia Marinho

Published on 13/02/2021 at 14:23

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Entrepreneurial Vision in the Wind Energy Market Makes Farmer’s Son a Billionaire and Owner of the World’s Largest Wind Tower Manufacturer

The farmer’s son, Gim Seong-gon, managed a steel plant in the late 1980s when he became fascinated with wind energy. The businessman, who was born into a simple home, had an entrepreneurial vision and saw growth potential in this area and took action. Good news, General Motors, the vehicle manufacturing multinational, announces a billion-dollar investment in factories in São Paulo

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His CS Wind became the world’s largest manufacturer of wind towers after an injection of capital from Goldman Sachs Group. CS Wind’s shares surged over the last four years, and last year the stock price quintupled. Expectations are even higher with the change of government in the U.S.

Gim Seong-gon, now 67 years old, has become one of the richest individuals in South Korea. According to Bloomberg data, his 51% stake in the family-controlled company is valued at US$ 1.4 billion,

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Goldman Investment in CS Wind’s Wind Tower Factory

In order to take advantage of cheaper labor, Gim set up the first CS Wind wind tower factory in Vietnam in 2003. In just 5 years, the businessman received an investment of 47.2 billion won (US$ 43 million) from Goldman Sachs, which helped expand operations to seven countries.

Currently, CS Wind also operates factories in Malaysia, China, and the United Kingdom and sells its wind towers to clients such as Siemens Gamesa Renewable Energy, General Electric, and Vestas Wind Systems.

The company plans to expand and build factories in the U.S., where the current government has committed to prioritizing suppliers with local facilities.

“Running a business means constantly finding new goals,” Gim said in an interview with an internal publication in 2014. “When a goal is achieved, you must move on to another. That’s how I managed the business.”

Investments in low-carbon energy technologies and projects more than doubled in the last decade to US$ 501.3 billion last year, with two-thirds in renewable energy, primarily solar and wind, according to a report released by BloombergNEF in January.

Vision In The Wind Energy Market Turns Farmer’s Son Into The World’s Largest Wind Turbine Tower Manufacturer

Entrepreneurial Vision in the Wind Energy Market Makes Farmer’s Son a Billionaire and Owner of the World’s Largest Wind Tower Manufacturer

Read Also

Goldman Investment in CS Wind’s Wind Tower Factory

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Before mining the ocean floor, scientists found 24 unknown creatures at 4,000 meters — including an entire superfamily that science had never seen before.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Vision In The Wind Energy Market Turns Farmer’s Son Into The World’s Largest Wind Turbine Tower Manufacturer

Entrepreneurial Vision in the Wind Energy Market Makes Farmer’s Son a Billionaire and Owner of the World’s Largest Wind Tower Manufacturer

Read Also

Goldman Investment in CS Wind’s Wind Tower Factory

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Every time a river flows into the sea, an amount of energy equivalent to a 120-meter waterfall is silently wasted, but Japan has just inaugurated the world’s first power plant that captures this waste and transforms it into electricity 24 hours a day without sun, wind, or fuel.

Silicon Valley bets on a 100-hour battery that uses carbon and oxygen to store renewable energy for days and could turn a little-known chemical system into an alternative to critical metal batteries to tackle prolonged blackouts.

Canadian engineers want to compress air in underground caverns and build plants of up to 500 MW that function as giant lungs to store renewable energy for hours and stabilize entire electrical grids.

British engineers cool air until it turns into liquid, store energy for weeks, and create an “invisible battery” capable of sustaining the power grid when the wind stops and the sun disappears.

Before mining the ocean floor, scientists found 24 unknown creatures at 4,000 meters — including an entire superfamily that science had never seen before.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.