DEVENS, Mass., Sept. 10, 2013 (GLOBE NEWSWIRE) -- AMSC (Nasdaq:AMSC), a global solutions provider serving wind and power grid industry leaders, today announced that Consolidated Power Projects (CONCO), South Africa's largest high voltage construction company, has selected AMSC's D-VAR® STATCOM solution to connect South Africa's largest wind farm to the electricity grid. This is AMSC's first D-VAR STATCOM sale to South Africa. The system will be commissioned in the first half of 2014.
"We selected AMSC as the grid interconnection solution provider because of its proven ability to meet even the most stringent of grid codes and keep wind farms online thereby increasing output and revenues," said Rein Dijkstra, Business Unit Manager; Renewable Energy, CONCO.
To ensure high quality power and a stable electricity grid, South Africa has carefully reviewed the lessons learned by other countries and regions that have added substantial amounts of renewable energy to their grids and have designed strict grid codes that must be met in order for renewable power plants to connect to the grid. AMSC's D-VAR solution offers complete VAR compensation and voltage control, enabling wind and solar energy generation systems to meet the most stringent requirements while augmenting overall performance of the wind farm.Located at the wind or solar plant substation, AMSC's STATCOM products provide a renewable energy integration solution that allows power plants to stay online and helps prevent the nuisance tripping of solar inverters and wind turbine generators. Customers utilize AMSC's D-VAR solutions to provide dynamic voltage control, power factor correction and post-contingency reactive compensation to stabilize the power grid and prevent undesirable events such as voltage collapse. "The D-VAR system cost effectively provides the dynamic reactive VAR compensation that is essential to connect renewable power plants to the grid effectively, making it an ideal solution for the emerging South African renewables market," said Daniel P. McGahn, President and CEO, AMSC. "CONCO has built a reputation as Africa's leading developer of quality, turnkey high voltage solutions and we are looking forward to working with them and helping to deliver a clean energy to South Africa."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV