Clipper Windpower and BP to develop 5050
MW wind farm in US
Jul 30, 2008 - Thomson Financial
LONDON - Clipper Windpower and BP Alternative Energy
have entered a 50:50 joint venture to develop one of the
world's largest wind farm projects in the USA.
The 5,050 megawatt Titan wind energy project in South
Dakota will build on a previously announced 1,550 MW South
Dakota project, adding a further 3,500 MW of potential
capacity, Clipper said in a statement.
Under the agreement BP will acquire 1,750 MW of wind
development assets from Clipper for an initial price of
$26.25 million, subject to the transaction closing before
Clipper in a separate trading statement said that it
expects increased remediation costs to drive a "substantial"
first half loss, with improvement in the second half,
approaching breakeven. email@example.com
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