Xantrex signs three-year deal to supply wind power converters
VANCOUVER, BC-Xantrex Technology recently signed a three-year supply agreement with a leading North American wind turbine manufacturer. The deal includes an initial purchase order, valued at $12 million, for the supply of multi-megawatt power converters. This initial order is to be delivered before the end of 2007. Xantrex wind converters convert and control variable power from wind turbine generators into high-quality AC power for the utility grid. "This long term contract verifies that Xantrex has proven itself as an excellent supply partner to the wind industry. The associated business will provide stable growth for our wind converter business for the next three years starting in the second half of 2007," said company CEO John Wallace.