American Superconductor Corporation (AMSC) Receives Large Order From ACCIONA

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08:49:12 am on May 13, 2009

American Superconductor Corporation just announced that it has signed a supply agreement worth more than $10 million with ACCIONA Energy. ACCIONA has ordered enough Dynamic VAR Ride Through (D-VAR RT) solution to retrofit approximately 250 MW of first-generation wind turbines and make them comply with current regulatory standards in Spain that require wind turbines to have a stable connection to the power grid.

In a press release, AMSC’s VP of Global Sales and Business Development commented on the deal:

"With more than 6,000 megawatts of wind power installed and more than 15,000 additional megawatts in development, ACCIONA Energy is a global clean energy powerhouse and is an ideal first adopter for our new D-VAR RT solution," said Timothy Poor, AMSC’s Vice President of Global Sales and Business Development. "We see great potential for this product in Spain and other countries that adopt similar standards in the years ahead as wind power continues to play a more prominent role in the world’s electricity supply."

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