Sustainable Energy Technologies Ltd. has announced that it has agreed in principle with Belliss India Limited (Belliss) to license the Company's Darrieus wind turbine technology for use in India.
Based in New Delhi, Belliss is actively engaged in the field of system engineering manufacture and supply of turbines for the Indian power industry ranging from 20 kW to 10,000 kW. A memorandum of understanding, which is subject to the negotiation of final agreements over the next few weeks, contemplates that Belliss will prototype, at its cost, a 250 kW wind turbine design (the Chinook 250) developed by the Company and certified for use in Europe by Germanischer Lloyd. Should Belliss determine to commercialize the wind turbine for India, Sustainable Energy will license its technology and know-how to a joint venture between the Company and Belliss freeof- charge, but will have the right to acquire up to a 25% interest in the joint venture. Conversely, should Sustainable Energy determine to commercialize the wind turbine for other markets, Belliss will have the right to acquire up to a 25% interest in a joint venture to be formed for that purpose. The Company is also in discussions with Belliss for a joint venture to manufacture and distribute its power inverters in India and adjacent markets for solar, small wind and fuel cell applications.
