Mainstream freezes 1GW Sinovel deal over AMSC dispute

Mainstream Renewable Power (MRP) confirms it will kit-out its wind project pipeline in Ireland with alternative turbine suppliers, leaving Sinovel on the sidelines until its legal dispute with AMSC is settled.

MRP’s decision is the clearest evidence yet of the potential damage Sinovel faces in Western markets as a result of its legal battle with AMSC, which is pursuing the turbine supplier in several Chinese courts for $1.2bn in compensation and damages over alleged intellectual-property (IP) infringement and unpaid bills.

In July, Dublin-based MRP signed a deal with China’s Sinovel – the world’s second-largest maker of wind turbines – to jointly build 1GW of wind capacity in Ireland by 2016.

MRP said that a “significant” amount of the Log in to read complete article.

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