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news release:
American Superconductor
Recieves D-VAR Order from Lake Bonney Wind Power
WESTBOROUGH, Mass., Jan. 17 /PRNewswire-FirstCall/
-- American Superconductor Corporation (NASDAQ:
AMSC), a leading electricity solutions company, received an order for two D-VAR(R)
voltage regulation systems from Lake Bonney Wind Power Pty Ltd. (LBWP), through
its operator, National Power Company, an independent renewable energy project
developer based in San Francisco and Sydney. The D-VAR systems will be installed
in two phases at the Lake Bonney II wind project located near Millicent, South
Australia in Australia. The D-VAR systems will provide dynamic and steady state
voltage support required to meet Australian grid interconnection requirements.
Phase One of the wind project, which is the first
in Australia for AMSC, includes 45 megawatts (MW) of wind generation and an
associated 12 megaVAR (MVAR) D-VAR solution. Phase Two will add an additional
114 MW of wind generation and another 12 MVAR D-VAR solution. AMSC is expected
to ship the D-VAR systems in June and December of this year. Phase One
energization is expected in November - December, 2006 and Phase Two energization
is expected in April - May, 2007.
"LBWP chose American Superconductor's dynamic
voltage regulation solution in order to comply with interconnection requirements
established by the Essential Services Commission of South Australia (ESCOSA) and
the (National Electricity Market Management Company) NEMMCO for the Lake Bonney
II wind power project," noted Tim Flato, a partner at National Power. "The
interconnection standards require dynamic voltage regulation and control, and
the wind farm must also have the ability to ride through high voltage
situations. We chose the AMSC D-VAR voltage regulation system because of its
proven performance at similar wind farms around the world."
According to the world market update published by
BTM Consult Aps, the global wind energy growth rate for the next five years will
be around 15-20%. Australia ranks among the leaders in the world with
approximately a 35% forecasted growth rate. The Australian Wind Energy
Association indicates that Australia has 572 MW of installed wind energy and
5,914 additional proposed wind energy projects.
"With this increasing demand for wind energy,
electric industry regulators are increasingly mandating strict grid
interconnection standards for wind farms. Countries such as Australia, Spain,
Canada, the United Kingdom, and the United States have recently established
criteria requiring dynamic voltage control and we anticipate other countries
will soon follow," said Greg Yurek, CEO of AMSC. "Our unique D-VAR voltage
regulation system has become the industry product of choice for helping wind
facilities meet these new grid interconnection standards."
Overall, this is the 12th wind farm
worldwide to incorporate AMSC's advanced D-VAR dynamic voltage control
technologies. These projects bring the total wind-generated electric power
served by AMSC's D-VAR systems to more than 1000 MW. Learn more about AMSC's
D-VAR solutions:
here. For more information on AMSC's wind energy solutions, see:
here.
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