CWP Clipper Reg S

RNS Number:1566B
Clipper Windpower PLC
31 July 2007



                                 TRADING UPDATE


Clipper Windpower Plc ("Clipper") is issuing this trading update ahead of its
interim results expected to be released in late September 2007.


Highlights:


   *Performance at Steel Winds continues to meet company's expectations and
    customer's contract availability requirements.
   *100 MW Endeavor project entering late stages of completion.
   *78 turbines completed year-to-date at Clipper's Cedar Rapids facility.
   *Clipper's 2007 production expected to meet 181 firm order commitments.
   *Interim results will include an anticipated net loss.


Performance of the first eight turbines recently commissioned at the Steel Winds
Project near Buffalo, New York continues to meet the company's expectations and
the customer's contract availability requirements.

Construction activity at the 100 MW (40-turbines) Endeavor Project site is now
entering late stages of completion. Rotors have been installed on 33 turbines.
Eight turbines have been commissioned to date, with activities scheduled to
continue at a pace that will lead to expected completion in the third quarter of
2007.

A total of 78 turbines were completed as of July 30 at Clipper's Cedar Rapids
manufacturing and assembly facility, with series production of the model 2.5 MW
Liberty wind turbine standing at 86, including eight produced in 2006.
Production of eight turbines in June and 16 in July was constrained by reduced
availability of high speed pinion cartridges due to component quality upgrades.
Pinion cartridge fabrication has a short cycle time and the company does not
expect full year production to be affected.

Firm customer orders remain at 181 turbines for delivery in 2007 and 311
turbines for delivery in 2008. Additional customer orders are under negotiation
for 2008 and 2009. Key risks to higher production beyond firm orders continue to
be the ability of component suppliers to meet quality standards and required
delivery schedules, reflecting the industry-wide tight supply chain environment
driven by increasing global demand for wind turbines.

Clipper's net ownership of its wind resource portfolio currently totals over
6,500 MW, with additional prospects under early stage development. Clipper is
exploring ways to accelerate expansion of the development portfolio and provide
an appropriate capital structure for its future ownership interest in the wind
generating business.

Interim results are expected to reflect a net loss due to initial production and
procurement inefficiencies and legacy sales pricing. Clipper expects to
recognize non-recurring charges in interim results totaling approximately $25
million, including loss provisions for the company's turn-key construction
project sale (40 turbines) and one other construction-related sale contract (20
turbines). Future turbine sales will typically not include construction-related
sale contracts of this nature. Clipper expects to recognize revenue on the sale
of eight turbines in the first half of 2007 with revenue from the Endeavor
project expected to be recognized in the second half of the year.


For further information contact:

Investors

Isabel Lutgendorf
Investor Relations Director
+44 (0)20 7820 1078

Financial Press

Patrick d'Ancona
M:Communications
+44 (0) 207 153 1547

                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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