in News Departments > Projects & Contracts
print the content item

Devens, Mass.-based American Superconductor Corp. (AMSC), has licensed two of its proprietary wind turbine designs to South Korea-based Hyundai Heavy Industries Co. Ltd. (HHI).

Under the terms of the contracts, AMSC's wholly owned AMSC Windtec subsidiary will license designs to HHI for its proprietary 1.65 MW and 2 MW doubly fed induction wind turbines. HHI plans to commence production of 1.65 MW wind turbines by the end of 2009 and will initially target the U.S. market. HHI's marketing and sales rights for both wind turbines will be extended to dozens of countries around the world.

In addition to up-front license fees for each design, AMSC will receive royalty payments for the first several hundred 1.65 MW and 2 MW wind turbines produced by HHI. AMSC will also provide HHI with core electronic components for the 1.65 MW and 2 MW wind turbines manufactured by HHI.

HHI plans to have its first wind turbine prototype installed and commissioned by mid-2009 and expects to begin shipping wind turbines to customers by the end of 2009.

"We are honored to have been selected by HHI to provide them with our proprietary wind turbine designs and core electronic components," says AMSC founder and CEO Greg Yurek. "We believe they will become the first company to sell substantial numbers of AMSC Windtec-designed wind turbines in the U.S., which is the world's second largest wind power market."

SOURCE: American Superconductor Corp.


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015