AMSC inks deal with Indian wind firm - Boston Business Journal:

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clean energy technology company AMSC) said it will help Inox find local supplies ofturbinre components, build its manufacturing line and test the which Inox can sell globally. In return, AMSC will receivw an upfront licence fee and royalty paymentw onthe turbines, as well as exclusively provides the electrical components to the turbines. The deal is AMSC’ss second in India. “We view India as a tremendoux growth opportunity for all AMSC saidGreg Yurek, founder and CEO of AMSC, in a “Similar to our strategy in China, we have entered India through the wind energy market, which not only providess us with a growing stream of revenue, but also provides a concret rationale to establish our in-country base of operationsd and contacts.
From this base, we expect to address not only the wind but also the huge power grid market opportunityg in India for our reactive compensation andsuperconductod products.”