Clipper Sells 80 MW of Wind Turbines to Edison Mission Energy

Clipper Windpower Plc will supply 32 units (80 megawatts) of the company’s 2.5 MW Liberty wind turbines to Edison Mission Energy, a subsidiary of Edison Mission Group (EMG) for delivery in 2008.

The transaction facilitates EMG’s execution of an option to purchase wind turbines as set forth in an integrated supply agreement between the parties and previously announced by Clipper via the London Stock Exchange in July 2006. The July transaction, a 280 MW sale and development agreement between Clipper and EMG, represents firm and contingent orders for up to 112 Liberty wind turbines for installation through 2008. Firm supply orders of 50 MW are slated for delivery in 2007, including installation services and a five-year service agreement. Contingent orders provided for the 80 MW of wind turbine options now exercised by EMG and scheduled for delivery in 2008, as well as options to acquire up to 150 additional megawatts of Clipper-held U.S. project development resources, which will deploy Clipper 2.5 MW Liberty wind turbines. Including this announcement, Clipper’s 2006 transaction announcements represent firm commitments of 875 MW of Liberty wind turbines, and 5,065 MW of contingent orders for delivery through 2011. The Liberty wind turbine was developed by Clipper to mitigate loads to components found in many of today’s multi-megawatt wind turbine designs. The turbine design uses a number of patented technologies, including Clipper’s patented Quantum Distributed Generation Drivetrain.
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