Hyundai intensifies wind turbine production

AMSC has received an order for 30 sets of wind turbine power electronic components from Hyundai Heavy Industries.

This is yet another follow-on order from the Ulsan, South Korea-based company.

Hyundai will use the components in the 1.65 megawatt wind turbines designed by AMSC’s Windtec™ subsidiary. AMSC expects to complete shipments under this new order by June 30, 2010.

"HHI’s vision is to be the global leader in heavy industries, providing products and services that are unrivaled in quality," said Keh-Sik Min, Chairman and Chief Executive Officer of HHI. "With initial orders in Korea, the United States and Pakistan, our recently launched wind turbine business is already demonstrating its global strength. We look forward to working with AMSC as we execute on our expansion plans in 2010."

"With a strong business plan and flawless execution, HHI is building a vibrant, multinational renewable energy business," said AMSC founder and Chief Executive Officer Greg Yurek. "This latest order is further evidence of the rapid traction the company's 1.65 MW wind turbines are gaining in the global marketplace. We look forward to continuing and strengthening our strategic alliance with HHI in the years ahead."

HHI placed an initial order for 17 sets of wind turbine electrical control systems for the 1.65 MW systems in August 2009. The company plans to produce more than 170 MW of wind turbines in 2010 and has a wind turbine manufacturing plant in Gunsan, South Korea with an annual capacity of 600 MW. The company also recently announced that it has signed a memorandum of understanding to construct a joint wind turbine manufacturing plant in China with Datang Shandong Power Generation Co., Ltd. HHI plans to begin production in this new 600 MW facility within the next year.