CWP Clipper Reg S

 

TIDMCWP 
 
RNS Number : 3371H 
Clipper Windpower Plc 
18 February 2010 
 

 
CLIPPER WINDPOWER ANNOUNCES GROUNDBREAKING FOR OFFSHORE WIND BLADE FACTORY 
 
 
BLYTH, UK - 18th February 2010 - Clipper Windpower Marine Limited, a fully owned 
subsidiary of Clipper Windpower, Inc. ('Clipper') today announced the 
groundbreaking of its offshore wind turbine blade manufacturing facility in 
Neptune Estate, Tyne, UK. 
 
The ground breaking event, scheduled for today at 9:30 am at the site, will be 
attended by the Prime Minister and the Energy and Climate Change Secretary, Ed 
Miliband. 
 
The new factory, a 4000 m2 facility, is expected to be completed in the third 
quarter of 2010. The site is owned by the City of Newcastle and is being 
developed by Shepherd Offshore Services. Assuming expansion of the offshore 
market is in line with the Government goals and Clipper turbines represent 
approximately one gigawatt per year of development, the factory is expected to 
employ a local workforce in excess of 500. 
 
The factory will be used to develop and build blades for the 'Britannia 
Project', a 10 MW offshore wind turbine prototype under development by Clipper. 
The prototype is scheduled for deployment in late 2012, and is among the largest 
wind turbines under development in the wind industry. The blades will be 72 
metres long and weigh over 30 tonnes. 
 
A Department of Energy and Climate Change grant of GBP4.46 million was awarded 
to Clipper in September 2009. The grant is intended to accelerate development 
and demonstration of offshore wind technologies and components for 
multi-megawatt turbines. Accordingly, the grant will contribute toward some of 
the costs associated with the development of the Britannia offshore wind turbine 
blade and factory. In April 2008, the Crown Estate announced its purchase of the 
first commercial prototype Britannia turbine. 
 
James G.P. Dehlsen, Chairman of Clipper, said: 
 
"Today marks an exciting and important milestone in achieving the Britannia 
Project blade requirements. Over the next few years, with the development of the 
Britannia turbine the UK will benefit through the supply of electricity based on 
its abundant offshore wind energy resource, and also with economic activity 
related to turbine manufacturing, offshore installation, and long term 
operations and servicing. The offshore wind market in the UK is rapidly becoming 
one of the most exciting sectors in the global renewable energy industry." 
 
Offshore wind energy projects under development total nearly half the current 
global offshore installed capacity (according to the BWEA). 
 
Prime Minister Gordon Brown said: 
 
"I welcome Clipper's ground-breaking announcement to build the largest wind 
turbine blade in the world on the banks of the Tyne.  The UK is a global leader 
in offshore wind power, and the North East is at the forefront in providing the 
skills, expertise and enterprise to capitalise on this rapidly expanding market, 
which has the potential to create thousands of future green jobs." 
 
 
About Clipper 
 
Clipper Windpower Plc, www.clipperwind.com, is a company engaged in wind energy 
technology, turbine manufacturing, and wind project development. The Company 
designs advanced wind turbines, manufactures its 2.5 MW Liberty wind turbine, 
and actively develops wind power generating projects in the Americas and Europe. 
Clipper's headquarters are in the United Kingdom and in California, USA. The 
Company's 330,000 square foot manufacturing and assembly facility for land-based 
wind turbines is located in Cedar Rapids, Iowa; its development centre for 
offshore wind turbine development is located in Blyth, UK. Clipper is a public 
company listed on AIM of the London Stock Exchange. Clipper's ticker symbol is 
CWP. 
 
The ordinary shares of Clipper Windpower Plc are traded on AIM of the London 
Stock Exchange and are not registered under the U.S. Securities Act of 1933, as 
amended. Such shares may not be offered or sold to residents of the United 
States or to persons acting on their behalf, or to other persons who are "United 
States Persons" within the meaning of Regulation S as promulgated under the 
Securities Act of 1933, unless such shares have been registered under the 
Securities Act or there is an available exemption from registration. 
 
Business and Trade Press: 
Mary Gates 
Global Communications Director 
(661) 301-0400 
mgates@clipperwind.com 
 
Investors: 
Jenny Matthews 
Investor Relations Director 
+44 (0)20 7820 1078 
jmatthews@clipperwind.com 
 
JPMorgan Cazenove (Nominated Adviser and Corporate Broker to Clipper) 
Patrick Magee 
+44 (0)207 588 2828 
 
Financial Press: 
Patrick d'Ancona / Charlotte Kirkham 
M: Communications 
+44 (0)20 7920 2347 / 2331 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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