AMSC Receives $70 M Order from China’s Sinovel Wind

American Superconductor Corporation received a follow-on $70 million order for wind turbine electrical systems from Beijing-based Sinovel Wind Corporation Limited. The order calls for AMSC’s wholly owned subsidiary, AMSC Windtec, to ship the customized electrical systems to Sinovel in 2008 for use in Sinovel’s 1.5-megawatt (MW) wind energy systems.

“The wind power industry is stronger than ever in China, and Sinovel is doing everything in its power to satisfy the increasing demand for environmentally friendly wind energy systems,” said Han Junliang, Chairman and President of Sinovel.

Sinovel currently plans to install a 3 MW prototype by the end of 2008 and the first 5 MW prototype before 2010. AMSC is expected to become the qualified electrical system supplier for Sinovel’s future 3 MW and 5 MW wind energy systems.

In March 2007, AMSC announced that it had signed a contract with Sinovel under which AMSC Windtec and Sinovel will jointly develop 3 MW and 5 MW wind energy systems for which Sinovel has global intellectual property rights. Sinovel plans to market and sell these wind energy systems worldwide. Sinovel is developing this capability to meet the growing worldwide demand for higher power ratings per wind energy system for both onshore and offshore wind farms.

“China’s appetite for electricity continues to grow in parallel to its rapidly growing economy,” said Greg Yurek, founder and chief executive officer of AMSC. “The Sinovel-AMSC team is addressing this challenge with state-of-the-art technology that will help meet this demand in an economical, environmentally friendly way.”

The Global Wind Energy Council estimates that approximately 1,347 MW of wind capacity was installed in all of China in 2006 and expects this figure to grow to 8000 MW by 2010.

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