CWP Clipper Reg S

RNS Number:9450R
Clipper Windpower PLC
09 April 2008

CLIPPER ENTERS FINANCIAL AND STRATEGIC RELATIONSHIP WITH ONE EQUITY PARTNERS, JP
                       MORGAN CHASE'S PRIVATE EQUITY ARM



*         One Equity Partners to invest US$150 million into Clipper Windpower

*         One Equity endorses  Clipper's next phase operational plan

     o    Concentration on wind turbine business and Clipper's innovative 2.5MW
          Liberty Turbine

     o    Focus operations on delivering on Clipper's firm customer order book

*         Companies to cooperate in strengthening Clipper's supply chain

*         Creation of committee to guide Clipper's business expansion

*         One Equity to nominate two representatives to Clipper's Board of
          Directors



London, (UK), Carpinteria, CA (USA) - April 9 , 2008 - Clipper Windpower Plc ("
Clipper"), a rapidly growing manufacturer of advanced wind turbines and
developer of wind energy projects today announced an agreement with One Equity
Partners ("One Equity"), the private equity arm of JPMorgan Chase & Co. that
will result in an equity investment of $150 million in Clipper. The investment
fortifies Clipper's balance sheet, allows the Company to strengthen its core
wind turbine business and provides additional working capital to support growth.

In making this investment, One Equity is supporting the implementation of
Clipper's next phase operational plan with a focus on the manufacturing,
delivery and commissioning of Clipper's innovative 2.5MW Liberty Turbine into
the rapidly expanding US wind energy market. The plan accelerates Clipper's
strategy to achieve operational and manufacturing efficiencies, utilizing
resources for rapid deployment of Clipper's turbines at sites throughout the US.

As part of the long term strategic relationship, Clipper and One Equity will
cooperate to strengthen Clipper's supply chain. One Equity will nominate two
representatives to Clipper's board of directors.

Clipper will create a committee, which will have the responsibility for making
various recommendations to the board with regards to appointments, annual
business plans, budgets, corporate actions, financing arrangements and changes
to the operating plan. The committee will be chaired by James GP Dehlsen,
Clipper's Chairman and CEO, and will initially consist of three members: Mark
Chaichian, head of Business Development for Clipper Windpower, James GP Dehlsen
and a representative from One Equity.

James GP Dehlsen, Clipper's Chairman and CEO said: "This is a significant
transaction for Clipper. I am very pleased to have a financial and strategic
relationship with one of the most successful private equity houses in the world.
This is particularly beneficial given their reach into global supply chain areas
which will complement Clipper's needs.  We welcome the nomination of two senior
partners from One Equity to our board of directors."

Richard M. Cashin, Managing Partner, One Equity said:  "The US market for wind
energy has tremendous growth prospects and we see Clipper's 2.5MW turbine as
uniquely positioned to capitalize on this opportunity.  Our investment adds real
muscle to Clipper's operational plan which is designed to transition the company
to a new stage of growth."

One Equity will subscribe for approximately 15.8 million1 new shares at a price
equal to the lower of 480p per share and the volume weighted average trading
price of the shares over the five business days preceding 4 May 2008, raising
gross proceeds of approximately �76 million ($150 million). In the event that
the subscription price is less than 480p per share Clipper may elect not to
proceed with the transaction. The new funds will be used to finance Clipper's
ongoing working capital requirements and strategic supply chain initiatives.

Following admission One Equity will hold approximately 12.3%2 of Clipper's
issued and outstanding share capital. In connection with this subscription,
Clipper will grant One Equity a five year option to subscribe for up to
2,914,850 shares at an exercise price equal to 537.5p per share. The completion
of the agreement with One Equity, including the  issue of new shares and the
granting of options is  subject to the fulfillment of customary conditions,
including the receipt of US anti-trust approval and the approval by shareholders
at a General Meeting of the Company to be held on 6 May 2008.  A Circular
containing the notice of General Meeting and further details about the agreement
with One Equity will be posted to shareholders following this announcement.

The newly authorized shares will be issued in the form of legended share
certificates and will hold preemptive, non dilutive rights. For a period of 18
months following admission, One Equity will not transfer or sell its shares in
Clipper without prior approval from the Company. For a period of two years
following the admission, One Equity may not hold more than 25% of Clipper's
outstanding share capital.

1 Assuming subscription price of 480p per share and exchange rate of �/$1.9764

2 Assuming that all of the new shares, which are the subject of the earlier
circular to the shareholders dated 26 March, 2008, and the shares to be issued
to One Equity Partners are issued.

                                    - ends -

Conference Call



Clipper's management will host a conference call for analysts and shareholders
today at 09:00hrs (London time). To join the conference call please dial +44 (0)
20 7806 1961 (listen only).


For further information please contact:
Investors
Isabel Lutgendorf
Investor Relations Director
+44 (0)20 7820 1078

Financial Press
Patrick d'Ancona/Charlotte Kirkham
M: Communications+44 (0)20 7153 1547

About Clipper Windpower plc

Clipper Windpower, www.clipperwind.com, is a rapidly growing company engaged in
wind energy technology, turbine manufacturing, and wind project development.
With offices in the United Kingdom, United States of America (California,
Colorado, Iowa, and Maryland), Denmark, and Mexico and a ISO9001:2000 QMS
Certified, 330,000 square foot manufacturing and assembly facility located in
Cedar Rapids, Iowa, 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 is a public company listed on the London
Stock Exchange's Alternative Investment Market (AIM).  Clipper's ticker symbol
is CWP.



The ordinary shares of Clipper Windpower Plc are traded on the Alternative
Investment Market 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.

About One Equity Partners

One Equity Partners ("One Equity") makes private equity investments behind
compelling business ideas and strong management teams. Established in 2001, One
Equity manages $8 billion of investments and commitments for JPMorgan Chase &
Co. in direct private equity transactions. Partnering with management, One
Equity invests in transactions that initiate strategic and operational changes
in businesses to create long-term value. One Equity's investment professionals
are located across North America and Europe, with offices in New York, Chicago
and Frankfurt.

Forward Looking Statements

Statements contained in this press release and the conference call, particularly
those regarding the possible or assumed future performance of the Company,
industry growth or other trend projections and any estimated company earnings
are or may be forward looking statements and as such involve risks and
uncertainties.  Any such statements may be influenced by factors that could
cause actual outcomes and results to be materially different from those
expressed or implied by these statements.






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

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