North American Windpower: Windtec And Sinovel Sign Wind Turbine Development Contract

Windtec And Sinovel Sign Wind Turbine Development Contract

by NAW Staff Tuesday March 20 2007

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.

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