By Matthew L. Wald | The New York Times
China’s biggest wind turbine company and two of its executives conspired with an employee of a Massachusetts wind company to steal the American firm’s software for controlling the flow of electricity, causing $800 million in damages, according to an indictment on Thursday.The indictment by a federal grand jury in Madison, Wis., outlined actions that the Chinese firm, Sinovel, took against AMSC, formerly the American Superconductor Corporation, and represents the latest skirmish in a series of trade disputes between the United States and China involving renewable energy.
AMSC said the theft in 2011 led to the loss of 500 jobs and cited the damages as lost sales and trade secrets.
