Hyundai Heavy and AMSC to Develop 5MW Offshore Wind Turbine
June 22, 2010 - Hyundai Heavy Industries (HHI) sait it will expands its strategic alliance with American Superconductor Corporation (AMSC), a global power technologies company, to include the joint development of a 5MW full conversion wind turbine primarily for use in the burgeoning offshore wind industry June 4.
Under the terms of the contract, the 5MW wind turbine design will be jointly developed by HHI and AMSC's subsidiary, AMSC Windtec. HHI aims to manufacture a prototype of the offshore wind turbines by the end of 2011.
Meanwhile, HHI commissioned the first 2MW wind turbine installed at Gunsan wind turbine manufacturing factory. The off-taker for power is Korea Electric Power Corporation. HHI plans to complete the Type Accreditation and start full-swing production from early next year.
At the end of May, HHI also added a Chinese wind power equipment manufacturer, as a subsidiary in an effort to enter the 2MW wind turbine market. The Chinese company is expected to serve as a stepping stone for HHI to increase its market share in China.
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Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.
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