Under the terms of the contract, Model Enerji has exclusive rights to manufacture, sell, install, operate and maintain the WT1650 in Turkey and has non-exclusive rights for surrounding Mediterranean and eastern European countries.
Model Enerji plans to manufacture the 1.65MW turbines, which utilize a doubly-fed induction generator drive train, in Turkey’s Ankara industrial zone. The company plans to have its first prototype installed and commissioned in mid-2009 and begin producing the turbines by the end of 2009.
Subject to achieving certain volume production levels with the WT1650, Model Enerji also has a right of first refusal to license a proprietary 2MW or 2.5MW wind turbine design from American Superconductor (AMSC) Windtec that will utilize a full-conversion permanent magnet generator drive train.
In addition to an upfront license fee, AMSC will receive a royalty payment for the first 425 WT1650 wind turbines manufactured by Model Enerji. AMSC also has a right of first refusal to provide the electrical systems needed for all of the wind turbines manufactured by Model Enerji.
