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April 10, 2008 – Vol.13 No.3 American Superconductor Corporation (AMSC) Enters Indian Wind Market with 1.65 MW Turbine License. AMSC has licensed its proprietary WT1650 wind turbine design and manufacturing know-how exclusively to Ghodawat Industries (India) Pvt. Ltd. (GIIPL) for export to certain countries in the Middle East, Southern Asia and Africa. Initial production will begin in 2009. In addition to a multi-million dollar upfront license fee, AMSC will receive a royalty payment for the first 550 WT1650 wind turbines manufactured by GIIPL. AMSC also has a right of first refusal to provide the full electrical systems and core electrical components for all of the wind turbines manufactured by GIIPL. AMSC Windtec will provide training for GIIPL’s staff and project management services for the company’s first prototype units.
GIIPL, the flagship company of Sanjay Ghodawat Group, of Maharashtra, India, has been manufacturing wind turbine towers in its state-of-the art facility since 2004 for customers such as Suzlon, Vestas and Enercon. GIIPL also owns and operates wind farms across four states in India. “This license agreement with GIIPL represents our entry point for the market in India, not only for the wind industry, but also for the power grid sector,” said Greg Yurek, AMSC founder and chief executive officer AMSC is a leading energy technologies company offering an array of solutions based on two proprietary technologies: programmable power electronic converters and high temperature superconductor (HTS) wires. GIIPL, is the flagship company of Sanjay Ghodawat Group, of Maharashtra, India. Sanjay Ghodawat Group is a diversified conglomerate with more than 5000 employees and strong presence in consumer goods, real estate, agricultural industries and energy sectors(4/9/08)
Links: American Superconductor Sanjay Ghodawat Group
Related: AMSC/TECO-Westinghouse Research Joint Venture Could Yield 10 Megawatt Offshore Wind Turbines.
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes
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