We are very pleased to be working with Clipper. We see the Liberty machine with its large-scale capacity and innovative improvements at the top of the scale in terms of industry technology advancement. We're looking forward to the installation of these first 27 turbines in 2009, as well as expanding our relationship with Clipper.
Carpinteria, CA (PRWEB) August 5, 2008
Clipper Windpower Plc today announced that it has signed a long-term agreement with Eléctrica del Valle de Mexico, a subsidiary of EDF Energies Nouvelles ("EDF EN") for the supply of Liberty 2.5 MW wind turbines for EDF EN wind energy projects in Mexico over coming years. The contract for the first 67.5 MW (27 Liberty wind turbines) will supply clean, renewable power to establishments owned by subsidiaries of Wal-Mart de Mexico, S.A.B. de C.V. beginning in 2009.
David Corchia, CEO of EDF Energies Nouvelles said, "We are very pleased to be working with Clipper. We see the Liberty machine with its large-scale capacity and innovative improvements at the top of the scale in terms of industry technology advancement. We're looking forward to the installation of these first 27 turbines in 2009, as well as expanding our relationship with Clipper."
James GP Dehlsen, Chairman and CEO of Clipper Windpower said, "Clipper is delighted to be affiliated with EDF Energies Nouvelles, a well respected, high-profile leader in the global renewable energy sector. We are highly committed to the quality and efficiency of every Clipper turbine and will certainly do our part to assure each project is a showcase for the area in which it is sited."
The first 27 Liberty wind turbines will be installed in a wind energy project currently under development by EDF EN which is slated for completion in the summer of 2009. Sited in La Ventosa, within the Istmo region in the State of Oaxaca, one of Mexico's windiest areas, the project will be the first in Mexico to utilize multi-megawatt wind turbines.
The wind turbines will be built at Clipper's 330,000 square foot manufacturing facility located in Cedar Rapids, Iowa. Clipper's 2.5 MW Liberty is the largest wind turbine built in the Americas.
About EDF Energies Nouvelles
Founded in 1990, EDF Energies Nouvelles is a world-class player in the green electricity generation market, with gross installed capacity of 1,443 MW worldwide at 31 December 2007, plus 1,100 MW in gross capacity under construction. With a presence in nine European countries and in the United States, EDF Energies Nouvelles operates in four renewable energy segments (wind, solar, biomass and hydro). Wind energy currently accounts for more than 80% of its installed capacity. With its unique profile as an integrated operator, EDF Energies Nouvelles, which posted 2007 revenues of €560 million has a presence spanning the entire value chain, from development and construction through to production and operations & maintenance. The Group also pursues the development and sale of structured assets, which consists primarily in selling renewable energy generating assets to individuals or to energy services companies.
EDF Energies Nouvelles is a 50%-owned subsidiary of the EDF group.
Since 28 November 2006, EDF Energies Nouvelles has been listed in Compartment A of Eurolist by Euronext Paris (code: EEN, ISIN code: FR0010400143). http://www.edf-energies-nouvelles.com
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