The Arbitration Tribunal for the ICC International Court of Arbitration (ICC Court) awarded Ghodawat, a former AMSC wind turbine technology licensee, $11m in damages and costs, including interest.

In a statement, AMSC says it was notified Monday by the ICC Court of its ruling and is “exploring its options.”

“The Company believes that it has sufficient available liquidity to satisfy the award, if required, and to fund its operations for at least the next twelve months,” the statement says.

AMSC