AMSC Receives for Follow-up Order for Chinese Wind Turbines

subscribe

American Superconductor Corporation, a leading energy technologies company, announced at the HUSUMwind 2007 trade show in Germany that it has received a follow-on order for approximately $20 million in wind turbine electrical systems from Beijing-based Sinovel Wind Corporation Limited.

The order follows a $70 million order received from Sinovel Wind in July 2007 and additional D-VAR orders for grid interconnection of domestic and international wind farms.

“AMSC’s wind power business continues to expand globally, with China serving as our largest market,” said Greg Yurek, founder and chief executive officer of AMSC. “As Sinovel Wind continues its rapid production ramp, we are also working closely with two additional customers in China to help them initiate production of wind turbines in order to meet China’s growing demand for zero-emission, wind generated electricity. We see strong potential to add a fourth Chinese customer this fiscal year and are working with other potential customers to expand our reach into other countries.”

The Global Wind Energy Council estimates that approximately 1,347 MW of wind generated electrical capacity was installed in all of China in 2006 and expects 8,000 MW of additional capacity to be added from 2007 through 2010. Worldwide wind power capacity is expected to more than double from 74 gigawatts (GW) at the end of 2006 to nearly 150 GW by the end of 2010.

AMSC now has wind power customers in Australia, Canada, China, the Czech Republic, Ireland, Japan, New Zealand, South Korea, the U.K. and the U.S.

“The global wind industry is expected to continue to grow approximately 20 percent annually through 2010 as countries around the world rely increasingly on wind power to help meet their growing demands for renewable sources of electricity,” said Yurek. “We expect to see continued growth in sales of our existing product line for the wind industry and to expand our offerings beyond power electronics going forward.”

Related News

scotland wind farm

Community-generated green electricity to be offered to all in UK

GLASGOW - UK homes will soon be able to plug into community wind and solar farms from anywhere in the country through the first energy tariff to offer clean electricity exclusively from community projects.

The deal from Co-op Energy comes as green energy suppliers race to prove their sustainability credentials amid rising competition for eco-conscious customers and “greenwashing” in the market.

The energy supplier will charge an extra £5 a month over Co-op’s regular tariff to provide electricity from community energy projects and gas which includes a carbon offset in the price.

Co-op, which is operated by Octopus Energy after it bought the…

READ MORE
wind turbines in scotland

Scottish Wind Delivers Equivalent Of 98% Of Country’s October Electricity Demand

READ MORE

central asian power shortage

Why Is Central Asia Suffering From Severe Electricity Shortages?

READ MORE

indonesia coal

Energy Ministry may lower coal production target as Chinese demand falls

READ MORE

power

Warning: Manitoba Hydro can't service new 'energy intensive' customers

READ MORE