The investment will finance a US manufacturing plant at the National Aeronautics and Space Administration (NASA) Michoud Assembly Facility, in New Orleans, Louisiana.
AMSC is investing $8m in Blade Dynamics, a three-year-old blade designer and manufacturer, based in the UK, gaining its licensees first access to new blade technology designed for 2MW-5MW wind turbines.
The venture capital group of The Dow Chemical Company is also taking an unspecified minority stake in Blade Dynamics.
The
