AMSC lands $15M wind turbine order
While the company reported lowered revenue earlier this month due in part to lower Chinese wind product sales, Devens-based AMSC is seeing benefits from a growing wind-energy movement in India as the country’s recently restored tax incentives benefit the wind industry.
AMSC announced Thursday that it has received a $15 million order for wind turbine electrical control systems (ECS) from Inox Wind Limited, part of India's Inox Group of companies. This is the seventh order AMSC has received from Inox since the company began mass production of its 2-megawatt (MW) wind turbines, which were licensed from AMSC in May 2009.
AMSC said it doesn’t anticipate the deal to impact its projected flat results for this fiscal year as most products under this contract will be shipped during its 2015 fiscal year, but the company said the order will help boost its backlog and provide insights for how AMSC may fare next year.
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