Clipper Wind Turbines, Built in the U.S., to be Installed at Mexico Wind Project

November 27, 2009 – Vol.14 No.36

Clipper Wind Turbines, Built in the U.S., to be Installed at Mexico Wind Project.

Clipper Windpower has announced that the first Clipper Liberty wind turbines to be installed internationally have been backed by an $80.66 million project financing loan by the Export-Import Bank of the United States (Ex-Im Bank). The transaction also marks Ex-Im Bank’s first project financing for wind power. The project owner is Electrica del Valle de Mexico, a subsidiary of EDF Energies Nouvelles.

The financing provides funding for 67.5 MW of Clipper Liberty 2.5 MW wind turbines. Once installed at the project site in La Ventosa, within the Istmo region in the State of Oaxaca, Mexico, the 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.

Clipper’s 2.5 MW Liberty is the largest wind turbine built in the United States, and has over 50 percent U.S. content – more than any other utility-scale wind turbine currently deployed in the U.S.

Financing for additional Clipper Liberty projects were attained earlier this year, including financing for the Milford wind energy project in Utah, as well as three projects which total 202 MW of which Clipper turbines comprise 145 MW.

The wind turbines set to be installed for the La Ventosa project were built at Clipper's 330,000 square foot manufacturing facility located in Cedar Rapids, Iowa.

The Liberty wind turbine fleet is deployed in 17 projects throughout the U.S., with a total of more than 440 turbines representing over 1,100 MW in operation. (11/26/09)

Links:

Clipper Windpower
http://www.clipperwind.com

--- Clipper Windpower’s Prototype 7.5MW Turbine to be Purchased by the UK’s Crown Estate.

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No