AMSC to Develop 3 MW Wind Energy System for South Korea

American Superconductor Corporation (AMSC) signed a wind energy system development contract worth more than $2 million with Doosan Heavy Industries & Construction Co., Ltd. of South Korea, in which AMSC’s wholly-owned subsidiary, Windtec, will develop a 3 megawatt (MW) wind energy system for Doosan and support the assembly and installation of the first prototype.

Doosan, an engineering, procurement and construction contractor with 5,000 employees worldwide, plans to begin series production of these systems late in 2009. Windtec also has the right of first refusal for all future 3 MW wind turbine electrical systems from Doosan. “We are honored to be working with such a well-known, high-profile leader to help meet the renewable energy needs of South Korea,” said Greg Yurek, founder and chief executive officer of AMSC, “and other markets Doosan serves around the world.” The deal represents Windtec’s first 3 MW system development contract and its first entry into the South Korean renewable energy market. According to the Global Wind Energy Council (GWEC), South Korea’s installed base of wind-generated electricity grew by 42 percent to 98 MW in 2005. The South Korean government plans to generate approximately five percent of its total power from wind, solar and tidal systems by 2011, up from approximately 2 percent currently.

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