We are delighted with BP's continued momentum and leadership in bringing new renewable energy supply to its worldwide customers
Carpinteria, California (PRWEB) September 25, 2007
Clipper Windpower Plc today announced that it will supply 120 units, or 300 MW, of Clipper's 2.5 MW Liberty wind turbines to BP for delivery in 2009. This 300 MW transaction is among up to 2,250 MW of wind turbine sales contracts envisioned in the Strategic Turbine Supply And Joint Development Agreement (the "Agreement") between Clipper and BP announced on July 14, 2006. With the addition of this latest contract, firm wind turbine sales orders, including wind turbine supply for a joint development completed under the Agreement currently total 650 MW for deliveries through 2009.
"We are delighted with BP's continued momentum and leadership in bringing new renewable energy supply to its worldwide customers" said James G.P. Dehlsen, chairman and CEO of Clipper Windpower.
Designed to address current industry gearbox and other component deficiencies and minimize unscheduled maintenance events, the Liberty wind turbine distributes torque loads four times more efficiently than conventional machines through its patented Quantum Drive™ Distributed Generation Powertrain. Proprietary permanent magnet generator technology delivers higher powertrain efficiency, and variable speed operation is achieved in a simpler and more efficient manner. The on-board hoist, with a 2-ton capacity, simplifies maintenance and significantly reduces maintenance costs. Turbine installation can be accomplished with a crane sized for most commercial 1.5 MW units. Manufactured at Clipper's 330,000 square foot manufacturing facility in Cedar Rapids, Iowa, the 2.5 MW Liberty machine is the largest wind turbine built in the United States.
BP is one of the world's largest energy companies, with interests in more than 100 countries and over 96,000 employees. BP Alternative Energy, launched in November 2005, combines all of BP's interests in low and zero-carbon power generation: wind, solar, hydrogen power with carbon capture and storage and gas-fired power generation. In the United States, BP's wind portfolio includes the opportunity to develop almost 100 projects with a potential total generating capacity of 15,000 MW and the company operates facilities in Europe and Asia.
About Clipper Windpower
Clipper Windpower, http://www.clipperwind.com, is a rapidly growing company engaged in wind energy technology, turbine manufacturing, and wind project development. With offices in the United Kingdom, United States of America (California, Colorado, Iowa, and Maryland), Denmark, and Mexico and a ISO9001:2000 QMS Certified, 330,000 square foot manufacturing and assembly facility located in Cedar Rapids, Iowa, the company designs advanced wind turbines, manufactures its 2.5-MW Liberty wind turbine and actively develops wind power generating projects in the Americas and Europe. Clipper is a public company listed on the London Stock Exchange's Alternative Investment Market (AIM). Clipper's ticker symbol is CWP.
The ordinary shares of Clipper Windpower Plc are traded on the Alternative Investment Market of the London Stock Exchange and are not registered under the U.S. Securities Act of 1933, as amended. Such shares may not be offered or sold to residents of the United States or to persons acting on their behalf, or to other persons who are "United States Persons" within the meaning of Regulation S as promulgated under the Securities Act of 1933, unless such shares have been registered under the Securities Act or there is an available exemption from registration.
For more information contact:
Director, Global Communications
Clipper Windpower Inc.
6305 Carpinteria Avenue, Suite 300
Carpinteria, CA 93013