Chinese wind turbine manufacturer Goldwind has announced plans for a $2.7bn hydrogen and derivatives project in Inner Mongolia, China.

According to reports, the project will integrate 1.2GW of electrolysis capacity with 3GW of wind power to produce 600,000 tonnes of methanol and 400,000 tonnes of ammonia per year.

Goldwind’s board approved the Bayannur project on Wednesday (September 10).

If realised, it would be the world’s first commercial-scale project to integrate wind-to-hydrogen-to-methanol and ammonia.

H2 View understands the plans will be financed through Goldwind’s own capital and debt, without outside equity partners.

By leveraging state subsidies alongside its internal resources, the company is betting on securing a profitable and competitive position in China’s fast-growing hydrogen and derivatives market.

That state-backed support provided by the Chinese government is a model global hydrogen CEOs have been split on replicating.

Over a quarter of leaders said China’s rise depends on unique conditions, such as its long-term planning, policy incentives, and state-backed finance, making its model nearly impossible to copy, but added it can be replicated with government support.

The other 40% said only if major regional barriers are overcome, while the rest dismissed the idea outright, pointing to China’s unique policy–finance mix and flexible hydrogen sourcing.

Goldwind’s gigawatt-scale plans for Inner Mongolia could add to the country’s growing list of large-scale projects.

Of 510 committed projects worldwide, China accounts for 94, including six of the ten largest post-final investment decision (FID) green hydrogen developments.