Clipper Windpower To Form Wind Development Group

Clipper Windpower Plc, a manufacturer of wind turbines and developer of wind energy projects, announced the signing of an agreement with Hemeretik, a Spanish construction and real estate group — combining the renewable energy assets held by their wholly-owned subsidiaries, Clipper Windpower Development and Helium to form Clipper Capital and Generation (CAPGEN).

CAPGEN will operate a global renewable energy development business with a pipeline in excess of 10,500 megawatts in wind development assets, ranging from early stage prospects to mature projects.

While CAPGEN’s portfolio is located predominately in the U.S., Hemeretik is contributing assets located in Spain, other European countries, and Latin America.

“The presence of an experienced, globally dedicated management team and existing European assets will significantly speed the entry for Clipper turbines in the established and growing European market,”  said James G.P. Dehlsen, Chairman and CEO of Clipper Windpower.

CAPGEN will benefit from a long-term supply agreement for Clipper’s Liberty turbines and subsequent technology introductions as it develops, finances, builds, owns and operates wind energy projects globally.
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