in News Departments > FYI
print the content item

Windtec, a subsidiary of American Superconductor Corp., has signed a contract with Sinovel Wind Corp. Ltd., a Beijing-headquartered manufacturer, to develop wind turbines.

Under the terms of the agreement, Windtec and Sinovel will design and jointly develop 3 MW and 5 MW wind turbines that Sinovel plans to market and sell worldwide. Sinovel will have the exclusive ownership and property rights for the large-scale onshore and offshore wind turbines that are developed under the contract, the companies add.

"We look forward to benefiting from our expanded relationship with Windtec as we continue to implement our plan to manufacture 500 wind energy systems in 2007, 800 in 2008 and reach an annual capacity of 1,000 wind energy systems in 2010," says Han Junliang, Sinovel's chairman and president.


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015