AMSC receives order for 17 wind-turbine systems

American Superconductor Corp. said it received an order for 17 sets of full wind-turbine electrical systems from South Korea's Hyundai Heavy Industries Co.

Hyundai, which builds ships, turnkey power plants and high-voltage electrical equipment, will use the systems in 1.65 megawatt wind turbines. It will produce the turbines under a license from an American Superconductor subsidiary, AMSC Windtec.

American Superconductor will ship the electrical systems by the end of January 2010. The company did not disclose terms of the deal.

Shares of American Superconductor rose $1.04, or 3.5 percent, to $30.71 in early trading. The stock has shot up 82 percent since the start of the year.

Related News

houston

In a record year for clean energy purchases, Southeast cities stand out

HOUSTON - Cities around the country bought more renewable energy last year than ever before, with some of the most remarkable projects in the Southeast, according to new data unveiled Thursday.

Even amid the pandemic, about eight dozen municipalities contracted to buy nearly 3.7 gigawatts of mostly solar and wind energy — enough to power more than 800,000 homes. The figure is almost a quarter higher than the year before.

Half of the cites listed as “most noteworthy” in Thursday’s release —  from research groups Rocky Mountain Institute and World Resources Institute — are in the region that stretches from Texas to…

READ MORE

Opinion: The dilemma over electricity rates and innovation

READ MORE

powerlines

UK Anticipates a 16% Decrease in Energy Bills in April

READ MORE

Electrification Of Vehicles Prompts BC Hydro's First Call For Power In 15 Years

READ MORE

ontario logo

Canadian Manufacturers and Exporters Congratulates the Ontario Government for Taking Steps to Reduce Electricity Prices

READ MORE