Clipper, BP To Develop S.D. Wind Project

NAW staff, Wednesday 30 July 2008 - 11:04:31

Clipper Windpower Plc., which has offices in the U.K. and the U.S., has entered into a 50-50 joint venture with BP Alternative Energy to develop the Titan wind project - a 5,050 MW South Dakota-sited wind energy project formerly known as Rolling Thunder. The project is expected to be constructed in multiple phases.

In accordance with the terms of the agreement, Clipper and BP will combine their 50-50 interests in a previously announced 1,550 MW South Dakota joint venture project with a further 3,500 MW of contiguous wind resources to form the expanded 5,050 MW joint venture.

In addition, the companies will enter into a master turbine supply agreement (MTSA), which will enable the supply of up to 2,020 of Clipper's 2.5 MW Liberty wind turbines upon the project's successful phase development, and is subject to the satisfaction of certain conditions in accordance with the MTSA.

"Both South Dakota and North Dakota, with their abundant and renewable wind energy resources, are an important part of our nation's clean energy and energy secure future," says James G.P. Dehlsen, Clipper's chairman and CEO. "We look forward to this and future world-class projects of this caliber which continue to be spurred by the growing demand for environmentally responsible and sustainable energy solutions."

SOURCE: Clipper Windpower Plc.




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