American Superconductor Corporation has announced that it has licensed two of its proprietary wind turbine designs to South Korea-based Hyundai Heavy Industries (HHI).
Under the terms of the contracts, AMSC's wholly owned AMSC Windtec
subsidiary will license designs to HHI for its proprietary 1.65MW and 2 MW doubly fed induction wind turbines. HHI plans to commence production
of 1.65MW wind turbines by the end of 2009 and will initially target
the US market. In addition to upfront license fees for each design,
AMSC will receive royalty payments for the first several hundred wind
turbines produced by HHI. AMSC will also provide HHI with core
electronic components for the wind turbines manufactured by HHI. HHI
plans to have its first wind turbine prototype installed and
commissioned by mid 2009 and expects to begin shipping wind turbines to
customers by the end of calendar 2009.
