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American Superconductor Corp. has announced it will provide power voltage regulation units for two wind farms in Australia.
The Devens-based alternative energy component supplier (Nasdaq: AMSC) will provide the units to Suzlon Energy Australia Pty. Ltd.’s 132 megawatt wind farm outside of Jamestown, South Australia, and Consolidated Power Projects Australia Pty. Ltd.’s 111 megawatt wind development north of Adelaide, South Australia.
The announced deals bring the total number of contracts for AMSC in Australia to seven, a lesser known area of focus for the company. AMSC has invested in Asia for the past several years, most recently announcing operating units in South Korea and India. It opened a Chinese subsidiary in 2007.
“In order to help facilitate the integration of electricity generated from renewable sources of energy, Australia is requiring that the reactive compensation of wind power plants be similar to that of traditional generation plants,” said Timothy Poor, senior vice president of global sales and business development at AMSC, in a statement. “With Australia recently setting a target to derive 20 percent of its electricity needs from renewable sources by 2020, we believe this will be a sizable market for AMSC for many years to come.”
AMSC is making a major push to expand worldwide. In September, the company announced the opening of a subsidiary in South Korea and a new business partnership with a major telecommunications and energy cable maker in the Asian nation. Also that month, AMSC made an announcement that it is forming AMSC India to provide wind turbine and electrical component products and services to India’s emerging wind market.
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