Sinovel Ups AMSC Turbine Component Shipments

American Superconductor Corporation has amended its multi-year contract with Sinovel Wind Corporation Limited, China’s largest wind turbine manufacturer, to enable Sinovel to meet increased demand in China for its 1.5-megawatt (MW) wind turbines.

The original contract called for AMSC to ship core electrical components for Sinovel’s 1.5-MW wind turbines beginning in January 2009 through the end of December 2011. Under the terms of the amended contract, AMSC will increase its core electrical component shipments to Sinovel in calendar year 2009 and 2010 and will complete all shipments by the end of April 2011.

The contract was also amended to include a greater number of AMSC’s wind-specific PowerModule PM3000W power converters. The initial contract included a larger fraction of PowerModule PM1000W power converters. As a result of the upgrade, the overall contract value (excluding value added tax) has been increased by approximately US $20 million to more than $470 million.

“Sinovel has ascended to the top of China’s rapidly growing wind industry and continues to increase its market share and backlog,” said Greg Yurek, founder and chief executive officer of AMSC. “This acceleration of shipments to Sinovel was necessitated by recent wind turbine orders received by them for new large-scale wind farms in China. We anticipate that Sinovel will continue to grow rapidly throughout the next decade, which we expect will give rise to new orders for our core electrical components for 2011 and beyond.”

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