TAIPEI, Taiwan -- Teco Electric & Machinery, one of the world's largest producers of industrial motors, Tuesday debuted a two-megawatt (MW) power-generating wind turbine, officially marking its entry into the alternative energy field.
“We've received nearly 100 orders,” Teco chairman Liu Chao-kai said during the motor's unveiling ceremony. “Based on the price of NT$100 million per turbine, our orders have exceeded NT$10 billion.”
The orders are expected to give Teco's business a boost, he emphasized, saying NT$10 billion was half of the company's total revenue last year. He further pointed out with the launch of the product, Taiwan has become the eighth nation in the world with the capability to manufacture wind turbines.
Liu noted that Teco's wind turbines are available in permanent magnet synchronous generators or DC permanent-magnet motors.
The company currently produces wind turbines in four manufacturing bases, namely Texas, China's Wuxi and Zhangzhou, and Taiwan's Chungli, Liu said.
“We can reach a maximum annual capacity of 500 units,” he said.
Teco supplies the niche products in cooperation with Formosa Heavy Industries Corp., China Steel Machinery Corp. and Atech Composite Co., Ltd., which specialize in production of gearboxes, large sized die-castings as towers, and wind turbine blades and housings, respectively.
Teco indicated that it has been focused on the wind power business for several years, and will diversify in the segment to include wind turbine manufacturing, maintenance, built-to-order assembly and operation management for wind power stations. The firm will also kick off development of 3.6 and 5-megawatt marine wind turbines, adding that its wind turbines and related products will contribute more to revenues than household appliances in the future.