in News Departments > New & Noteworthy
print the content item

United Technologies Corp. (UTC) has reached agreement with the management and independent members of the board of directors of Clipper Windpower PLC to acquire all remaining shares of Clipper.

Clipper is a California-based wind turbine manufacturer that trades on the AIM Market of the London Stock Exchange. UTC currently holds approximately 49.9% of the issued share capital of Clipper. The acquisition will be implemented by way of a court-approved scheme of arrangement under the U.K. Companies Act of 2006.

The acquisition, which is valued at approximately $112 million, will enable Clipper to fully leverage UTC's management and operational expertise, as well as its technology in blades, turbines and gearbox design.

SOURCE: United Technologies Corp.


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Tower Conference_id1965