Massachussetts, United States [RenewableEnergyWorld.com] American Superconductor Corporation (AMSC) announced that it has licensed two of its wind turbine designs to South Korea-based Hyundai Heavy Industries Co. Ltd. shipbuilder, provider of turnkey power plants and a supplier of high voltage electrical equipment.
The contract gives HHI the rights to use AMSC’s wholly owned AMSC Windtec subsidiary’s designs for its 1.65-megawatt (MW) and 2-MW doubly fed induction wind turbines. HHI plans to start production of the 1.65-MW version by the end of 2009 and will initially target the United States market for sales.
In addition to upfront license fees for each design, AMSC will receive royalty payments for the first several hundred 1.65-MW and 2-MW turbines produced by HHI. AMSC will also provide HHI with core electronic components for the wind turbines that HHI will be manufacturing.
“We view renewable energy as one of Hyundai Heavy Industries’ next great growth opportunities,” said Young N. Kim, Senior Executive Vice President & COO, HHI Electro Electric Systems. “Wind power is being adopted at a rapid pace worldwide as nations seek to enhance their energy independence and reduce carbon emissions.”