AMSC, a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™, and protect and expand the capability of our Navy’s fleet, announced it has received an order worth over $12 million for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India’s premium wind turbine manufacturer. AMSC expects to ship most of these ECS over the course of fiscal year 2024.
“Demand from India’s growing wind market is strong and projected to grow. We are reporting our highest backlog in recent memory with nearly 2.7 gigawatts of orders and are delighted to place a larger follow-on order for our 3-megawatt class wind turbine with our partner AMSC,” said Kailash Tarachandani, CEO, Inox Wind. “We are seizing the opportunity to expand our market leadership to help India meet its growing energy needs and our strong partnership with AMSC is helping drive this effort.”
Daniel P. McGahn, Chairman, President and CEO of AMSC, stated, “As AMSC’s 3-megawatt ECS demonstrates its capabilities in the Indian wind market, we are pleased to announce our third follow-on order from our partner Inox Wind. As per the National Electricity Plan for 2022-32, the Indian onshore wind market capacity is forecasted to add over 80 GW by 2032 to reach an installed capacity of 122 GW. We stand ready to support Inox as we continue to expand energy solutions for India. We believe this order further illustrates AMSC’s continued overall momentum.”
Under the terms of the existing exclusive license agreement for AMSC’s 3 MW class wind turbine design in India between AMSC and Inox, Inox has agreed that AMSC will be the exclusive supplier of ECS for Inox’s 3 MW class wind turbine. AMSC’s 3 MW class wind turbine design is type certified according to GL2010 onshore guidelines. AMSC’s 3 MW class wind turbine may operate up to 3.3 MW under certain grid conditions and certain ambient temperature conditions.
