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MACHINIST - Inox Wind Ltd to Begin Production of AMSC Windtec 2 MW Wind Turbines in 2010

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Home arrow News arrow Power and Energy arrow Inox Wind Ltd to Begin Production of AMSC Windtec 2 MW Wind Turbines in 2010

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Inox Wind Ltd to Begin Production of AMSC Windtec 2 MW Wind Turbines in 2010
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Written by Anand   
Thursday, 15 October 2009

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Mumbai: Gujarat Fluorochemicals Ltd, part of the $ 2 billion Inox group of companies, today, informed exchanges of the incorporation a new Subsidiary Company by the name Inox Wind Ltd., to carry out the business of manufacturing of wind turbines.

In May, 2009, AMSC Windtec, a wholly owned subsidiary of American Superconductor Corporation, licensed it's proprietary 2 megawatt (MW) doubly-fed induction wind turbine design to Inox Wind Limited. Inox plans to begin series production of the 2 MW wind turbines in 2010.

AMSC will also help the company localize the supply of key wind turbine components, establish its manufacturing line, and build and test Inox`s first prototype wind turbines. AMSC also will provide the electrical systems for the 2 MW wind turbines manufactured by Inox.

The license provides Inox with the right to manufacture and sell the wind turbines globally. AMSC will receive an upfront license fee as well as royalty payments.

"We expect to make major investments in our wind energy business in the coming years, and we look forward to forging a close, long-term relationship with AMSC as we grow our manufacturing operations," said Deepak Asher, Director of Inox Wind Limited.

The Inox Group, with a diverse line of businesses, has an employee strength of over 4,500 and is involved in industrial gases, refrigerants, chemicals, engineering plastics, cryogenic vessels, carbon credits, entertainment and renewable energy.

 
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