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Swedish technology company the SKF Group has signed a three-year supply agreement worth SEK1bn ($142m) with a major wind turbine manufacturer, for its new generation of bearing technology.
The turbine producer ordering the Nautilus solution has not been revealed.
SKF said the new design is aimed at reducing friction and improving operating conditions, helping lower the cost of wind power and making it competitive with other traditional forms of generation.
Tom Johnstone, SKF President and CEO, said, ‘We are very pleased that our close development cooperation with this leading manufacturer has resulted in this major order.
‘Wind is a relatively new source of energy and it has developed into a significant business for SKF over the past few years. We are in active cooperation with leading companies within the market to develop future technology and this order is proof that our new Nautilus bearing is well accepted in the industry.’
Earlier this year, SKF signed a $40m agreement to supply equipment to Danish wind turbine manufacturer Vestas.
Copyright © 2012 NewNet
Tags: Turbine components, wind, wind power, wind turbine manufacturer, wind turbines
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