24 May '12, 8pm

AMSC's 100-MW Wind Deal: New Life After Sinovel

AMSC's 100-MW Wind Deal: New Life After Sinovel

AMSC in September filed criminal complaints , accusing Sinovel of stealing proprietary technology, and the company severed ties with what had become its biggest client. AMSC is now suing Sinovel for more than $1.2 billion. The move left the company scrambling to reposition itself in a fast-changing industry. The deal with Inox may help in that respect. AMSC, which supplies power electronics for wind turbines, expects to ship the electrical control systems to Inox in 2012. The deal marks the fourth volume order that AMSC has received from Inox in the past two years. According to Maxim analyst Aaron Chew, the deal “underscores the sustainability of AMSC’s new business model and gives it momentum heading into 2012.” He went on to call Inox “an up-and-coming Indian wind manufacturer with 800 MW of capacity that has become one of AMSC’s key customers.” The biggest takeaway from...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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