in News Departments > FYI
print the content item

American Superconductor Corp. (AMSC), a Westborough, Mass.-headquartered vendor of high temperature superconductor wire and machinery and a supplier of grid stabilization products, has recently received $4.6 million of new orders for D-VAR systems for wind farms in Australia, Canada, New Zealand and the U.K. According to the company, the D-VAR allows operators to regulate the voltage of individual wind turbines to optimize their operation and output.

The latest orders will increase the amount of wind-generated electricity served by AMSC's power electronics solutions to more than 1.8 billion W (1,800 MW) - close to the company's two billion watt objective for March 31, 2007, AMSC says.

"The performance of the power electronic systems business unit has surpassed our expectations for this fiscal year," says Greg Yurek, AMSC's chief executive officer. "Following closely on the heels of several other contracts, these new orders are expected to enable us to grow revenues for this business unit by 50 percent year-over-year to more than $22 million."


Trachte Inc._id1770
Latest Top Stories

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965