AMSC Receives $445 Million Order from Sinovel Wind
American Superconductor Corp. (AMSC) has received a new multi-year order worth approximately US$445 million (excluding value-added tax) from Sinovel Wind Group Co., Ltd. Under the terms of the agreement, AMSC will begin shipping core electrical components for Sinovel's 1.5 MW wind turbines (branded the SL1500) in early 2011. Shipments under the new contract will span a period of 30 months. AMSC is currently shipping 1.5 MW core electrical components under a multi-year contract that extends through early 2011.
Industry research firms MAKE Consulting and BTM Consult recently issued reports ranking Sinovel as the world's third-largest wind turbine manufacturer based on its market share in 2009. The company increased its shipments from approximately 1500 MW in 2008 to approximately 3900 MW in 2009.
Visit www.sinovel.com or www.amsc.com for more information.
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Acceptable Use Policy
Comments are the sole responsibility of the person posting them. T&D World will not edit postings. If T&D World editors deem any comment inappropriate, we will preempt or remove the posting.
General Rules: T&D World will not allow comments that are found to be degrading based on gender, race, class, ethnicity, national origin, religion, sexual orientation or disability. Neither will epithets, abusive language or obscene comments be allowed.
blog comments powered by Disqus
