Clipper Announces Sale of 170 Megawatts of Liberty Wind Turbines and its Maryland Project to Constellation Energy

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Clipper Liberty 2.5 MW Wind Turbine

“We applaud Constellation Energy’s leadership in entering the wind energy sector through the purchase of this project and Clipper Liberty wind turbines,” said Doug Pertz, President and CEO of Clipper Windpower. “Criterion will be a state-of-the-art proje

Carpinteria, CA (PRWEB) November 30, 2009

Clipper Windpower, Inc., and its subsidiary, Clipper Windpower Development Company, collectively (“Clipper”), today announced the sale of 70 megawatts (MW) of its Liberty 2.5 MW wind turbines and its Maryland-based Criterion project development to Constellation Holdings, Inc.(“Constellation”), a subsidiary of Constellation Energy, Inc. a Fortune 500 company headquartered in Maryland. The development, slated for construction in 2010, is expected to become Maryland’s first wind energy project.

Under the terms of the agreement, Constellation will purchase 28 Clipper 2.5 MW Liberty wind turbines and the 70 megawatt (MW) Criterion Project. Clipper will provide operation and maintenance services under a long-term agreement, and 24/7 operation oversight through Clipper’s Remote Maintenance and Diagnostic Center located at its Cedar Rapids, Iowa manufacturing facility. The agreement, signed today, and subject to completion of certain closing conditions, is expected to close in the first quarter of 2010. The construction of the project is expected to commence in Spring 2010, with completion anticipated in the Fall.

“We applaud Constellation Energy’s leadership in entering the wind energy sector through the purchase of this project and Clipper Liberty wind turbines,” said Doug Pertz, President and CEO of Clipper Windpower. “Criterion will be a state-of-the-art project -- one the State of Maryland and Constellation Energy can certainly be very proud of."

The Criterion site is located on Backbone Mountain in Garrett County, Maryland, to the east of the county seat of Oakland. Initiated in 2001, the proposed project has undergone studies and extensive review by the state, local agencies and the local public. Criterion supports Maryland’s Renewable Portfolio Standard (RPS) which encourages new wind energy projects within the State of Maryland.

About Constellation Energy:
Constellation Energy (http://www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located in the United States and Canada, totaling approximately 7,100 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $19.8 billion in 2008.

About Clipper:
Clipper Windpower Plc, http://www.clipperwind.com, is a company engaged in wind energy technology, turbine manufacturing, and wind project development. 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’s primary offices are in the United Kingdom and in California, USA. The Company’s 330,000 square foot manufacturing and assembly facility, located in Cedar Rapids, Iowa, is ISO9001:2000 QMS Certified. Clipper is a public company listed on AIM of the London Stock Exchange. Clipper’s ticker symbol is CWP.

The ordinary shares of Clipper Windpower Plc are traded on AIM 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 further information, contact:

Business and Trade Press:
Mary Gates
Global Communications Director
+1 (661) 301-0400
mgates(at)clipperwind.com

Investors:
Jenny Matthews
Investor Relations Director
+44 (0)20 7820 1078
jmatthews(at)clipperwind.com

JPMorgan Cazenove (Nominated Adviser and Corporate Broker to Clipper)
Patrick Magee
+44 (0)207 588 2828

Financial Press:
Patrick d’Ancona / Charlotte Kirkham
M: Communications
+44 (0)20 7920 2347 / 2331

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