Overview
Goliath Wind OÜ develops wind turbine technology around the Capella 3, a 3MW gearless direct-drive turbine using a patented Cyclos ring generator. The turbine simplifies the conversion mechanism, reduces weight and cost by about half compared with geared turbines, and uses a modular design that allows components to be shipped in standard containers. The company differentiates itself through a licensing and manufacturing partnership model, including a €100 million joint venture with Steelite Engineering to produce Capella 3 turbines in India for the Asian market. Its goal is to commercialize Capella 3 through licensing and partnerships and to expand into high-growth regions, though public records suggest financial distress and possible cessation of operations by early 2023.
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Simplify's take
What believers are saying
- Invest in Estonia still highlights the 2017 €100 million Steelite joint venture.
- The 2026 Steelite site keeps Capella 3 listed, preserving licensing-option value.
- Estonian registers keep the company active, so creditors or buyers can still transact.
What critics are saying
- Estonia's registry still shows €22,302 tax debt and two unsubmitted annual reports.
- Inforegister says Goliath ignored creditors; former CEO Søren Horn Petersen left in 2023.
- No revenue is reported after 2010, making shutdown or asset-stripping existential by 2026.
What makes Goliath unique
- Capella 3 uses Goliath's gearless Cyclos ring generator for simpler power conversion.
- The turbine ships in standard containers, cutting logistics for remote wind sites.
- Steelite still markets Capella 3 as available on a 2026-updated product page.
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