Monday, October 31, 2005

Energy

AMSC to help connect Wash. wind farm to grid

American Superconductor Corp. of Westborough, working with GE Energy, a business of the General Electric Co., has won a new order for two Dynamic VAR voltage regulation systems for the Wild Horse Wind Farm project located near Puget Sound in Washington. The D-VAR systems will help meet the grid interconnection requirements of the wind farm.

While AMSC will provide its D-VAR systems, GE Energy will responsible for installation of the systems into the wind farm project. Financial terms of the deal were not released.

When completed in the summer of 2006, the Wild Horse wind farm will include 127 wind turbines and will generate up to 229 megawatts (MW) of zero-emission electricity, enough to serve 114,500 homes.

Overall, this is the tenth wind farm in North America and the eleventh worldwide to incorporate AMSC's D-VAR voltage control technologies. These projects bring the total wind-generated electric power served by AMSC's D-VAR systems to more than 906 MW.

AMSC stock opened the day at $8.01, up 6 cents from Friday's close.