American Superconductor Corp.: Power Grid Contracts in Australia
AMSC Signs Additional Power Grid Contracts in Australia
D-VAR(R) Solution to Enable Waterloo and AGL Hallett 4 (North Brown Hill) Wind Farms to Meet Australia's Grid Interconnection Requirements
Product Now Serving More Than 50 Wind Farms Worldwide
DEVENS, Mass., Oct 20, 2009 -- American Superconductor Corporation, a global energy technologies company, today announced that its D-VAR grid interconnection solution has been ordered for two additional wind farms under construction in Australia. These are the 50th and 51st wind farms to have purchased AMSC's D-VAR systems worldwide and AMSC's 6th and 7th wins in Australia.
Both of the D-VAR solutions included in these new contracts will be deployed to enable wind farms to meet local grid interconnection requirements. AMSC will provide a D-VAR system to Suzlon Energy Australia Pty. Ltd., a subsidiary of India's Suzlon Energy Limited, for the 132 megawatt (MW) AGL Hallett 4 (North Brown Hill) Wind Farm being erected outside of Jamestown, South Australia. AMSC also will provide a D-VAR system to Consolidated Power Projects Australia Pty Ltd. for Roaring 40s Renewable Energy Pty Ltd.'s 111 MW Waterloo Wind Farm currently under construction approximately 100 kilometers north of Adelaide in South Australia. Both D-VAR systems will be delivered within the next six months.
Customers can utilize AMSC's D-VAR solutions to provide voltage regulation, power factor correction and post-contingency assistance to help prevent voltage collapse on the power grid to which the wind farms are connected. These solutions enable wind farm developers to meet grid interconnection requirements adopted in countries such as Australia.
"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. "As a result, we are seeing a growing pipeline of opportunities for our best-in-class D-VAR solution. 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's D-VAR solutions will now be supporting more than 700 MW of wind power in Australia. The country currently has a total installed capacity of 1.9 gigawatts (GW) of wind power according to market research firm Emerging Energy Research (EER). The Australian government recently announced support of a law requiring that 20 percent of Australia's electricity be derived from renewable sources such as solar and wind by 2020 - more than twice the country's current level. Wind generated electricity is expected to account for more than 50% of this total, with the steepest growth in the market occurring between 2010 - 2015, according EER's Global Wind Turbine Markets and Strategies: 2009-2020 report. EER estimates Australia's total installed capacity will rise to 10 GW by 2020.
AMSC's D-VAR solutions provide voltage regulation and power factor correction, along with post-contingency assistance to stabilize voltage, relieve power grid congestion, improve electrical efficiency, and prevent blackouts in power grids. D-VAR reactive compensation systems are classified as Static Compensators, or "STATCOMs," a member of the FACTS (Flexible AC-Transmission System) family of power electronic solutions for alternating current (AC) power grids. These Smart Grid solutions are able to detect and instantaneously compensate for voltage disturbances by dynamically injecting leading or lagging reactive power into the power grid. AMSC has received orders for over 70 STATCOM power grid solutions worldwide, more than all other manufacturers combined. The company's STATCOM customers include more than 20 electric utilities and over 50 wind farms.
To learn more about AMSC's product offerings for the wind industry, visit http://www.amsc.com/products/applications/windEnergy/index.html.
About American Superconductor (NASDAQ: AMSC)
AMSC offers an array of proprietary technologies and solutions spanning the electric power infrastructure - from generation to delivery to end use. The company is a leader in alternative energy, providing proven, megawatt-scale wind turbine designs and electrical control systems. The company also offers a host of Smart Grid technologies for power grid operators that enhance the reliability, efficiency and capacity of the grid, and seamlessly integrate renewable energy sources into the power infrastructure. These include superconductor power cable systems, grid-level surge protectors and power electronics-based voltage stabilization systems. AMSC's technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsc.com.
American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, D-VAR, dSVC, PowerModule, PQ-IVR, Secure Super Grids, Windtec and SuperGEAR are trademarks or registered trademarks of American Superconductor Corporation or its subsidiaries. All other brand names, product names or trademarks belong to their respective holders. The Windtec logo and design is a registered European Union Community Trademark.
SOURCE: American Superconductor Corporation
American Superconductor Corporation (NASDAQ: AMSC)
Jason Fredette, 978-842-3177
Director, Corporate Communications