AMSC Receives D-VAR(R) Order from Suzlon Energy for Australian Wind Farm.

WESTBOROUGH, Mass. -- American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, announced today it has received an order from Suzlon Energy Australia Pty. Ltd. (SEA) for a Dynamic VAR (D-VAR) system for Australia's Hallett Wind Farm. When completed, Hallett will have 94.5 megawatts (MW) of capacity and will be one of Australia's largest wind farms.

AMSC will deliver a D-VAR system rated at 20 megaVARs (MVAR) of reactive compensation to SEA in the second half of calendar 2007 that will be installed at a utility substation connecting AGL Energy's Hallett Wind Farm to the national power grid. The Hallett Wind Farm will provide zero-emission electricity for 54,000 Australian homes.

"SEA looked at several reactive compensation solutions to comply with grid interconnection requirements and found AMSC's D-VAR system to be an appropriate solution for our Hallett Wind Farm," said Serel Ogten, SEA's electrical engineering manager. "D-VAR is a proven product that offers us steady-state voltage regulation, power factor correction, and high-voltage ride through capability - all required to comply with the local interconnection requirements for the wind farm."

SEA is a subsidiary of Suzlon Energy A/S of Denmark, the international business arm of Suzlon Energy Limited. SEA is designing, procuring, constructing and commissioning the Hallett Wind Farm project for AGL Energy Limited, Australia's largest retailer of electricity and gas. Located on the Brown Hill Range in South Australia, it will consist of 45 wind turbines rated at 2.1 MW each. The wind farm is scheduled to come on line by early 2008. AMSC's D-VAR systems will regulate the voltage at the Hallett Wind Farm, thereby meeting Australia's stringent grid interconnection standards.

"AMSC is increasing market share in the wind energy sector though its unique D-VAR and PowerModule[TM] offerings as well as through sales for our wind turbine designs and wind turbine electrical components with our Windtec[TM] subsidiary," said Chuck Stankiewicz, senior vice president, AMSC Power Systems. "This new order from Suzlon demonstrates our growing international presence and our close working relationship with the industry's leading wind turbine manufacturers. With more than $1 billion in annual revenues and in excess of 7,500 employees, Suzlon has rapidly built a substantial presence in the wind energy market in the Asia-Pacific region. We are pleased to be working on this important project and look forward to growing our business with Suzlon."

For more information on AMSC's wind energy solutions, see: http://www.amsuper.com/products/applications/windEnergy/index.cfm.

About Suzlon Energy Limited

Suzlon Energy Limited. (Suzlon) is the world's largest wind turbine generator (WTG) manufacturer in terms of market capitalization. The Company has been ranked the 5th leading WTG manufacturer in the world and the largest in India and Asia in terms of market share in 2005. In India, the Company has been the market leader for eight years consecutively, installing 53% of the capacity added in 2005. More information is available at www.suzlon.com.

About AMSC

AMSC (American Superconductor Corporation - NASDAQ: AMSC) is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor (HTS) wires that dramatically improve the efficiency and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world's principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including motors, generators, power cables, grid-level surge protectors, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. The company's technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsuper.com.

American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, SuperVAR, D-VAR, DVC, PQ-IVR, PowerModule and Windtec are trademarks or registered trademarks of American Superconductor Corporation.

Any statements in this release about future expectations, plans and prospects, including those related to the timing of D-VAR deliveries, the company's ability to grow its relationship with Suzlon, the growth of Australia's wind power market and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Such factors include: uncertainties regarding the company's ability to obtain anticipated funding from corporate and government contracts, to successfully develop, manufacture and market commercial products, and to secure anticipated orders; the risk that a robust market may not develop for the company's products; the risk that strategic alliances and other contracts may be terminated; the risk that certain technologies utilized by the company will infringe intellectual property rights of others; the competition encountered by the company. Reference is made to these and other factors discussed in the "Risk Factors" section of the company's most recent quarterly or annual report filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the company's views as of the date of this release. While the company anticipates that subsequent events and developments may cause the company's views to change, the company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the company's views as of any date subsequent to the date this press release is issued.