CWP Clipper Reg S

 

TIDMCWP 
 
RNS Number : 1200D 
Clipper Windpower Plc 
26 November 2009 
 

 
EX-IM BANK APPROVES DEBT FINANCING FOR CLIPPER'S LIBERTY WIND 
TURBINES 
 
 Transaction Marks Ex-Im Bank's First Project Financing For Wind 
Power 
 
 
LONDON (UK), CARPINTERIA, CALIFORNIA (USA) - November 26, 2009 - Clipper 
Windpower Plc ("Clipper") today announced that the first Clipper Liberty wind 
turbines to be installed internationally have been backed by an $80.66 million 
project financing loan by the Export-Import Bank of the United States (Ex-Im 
Bank). The transaction also marks Ex-Im Bank's first project financing for wind 
power. The project owner is Electrica del Valle de Mexico, a subsidiary of EDF 
Energies Nouvelles ("EDF EN"). 
 
The financing provides funding for 67.5 MW of Clipper Liberty 2.5 MW wind 
turbines. Once installed at the project site in La Ventosa, within the Istmo 
region in the State of Oaxaca, Mexico, the 27 Liberty wind turbines will supply 
clean, renewable power to establishments owned by subsidiaries of Wal-Mart de 
Mexico, S.A.B. de C.V. beginning in 2009. 
 
 
"We are delighted to see the Liberty turbine being recognized by a growing 
number of financial institutions," said Doug Pertz, President and Chief 
Executive Officer of Clipper. "We view this financing as a very positive 
indication of the growing acceptance in the reliability and performance of the 
Liberty wind turbine. It is also exciting to see the Liberty turbine taking the 
lead in an important emerging market." 
 
 
As the Company reported on September 30, Clipper is engaged in discussions with 
a number of parties that could lead to a significant investment in the Company. 
Clipper confirms its previous expectation that, while it cannot provide full 
assurance at this time that a transaction will be finalized, the Company 
anticipates announcing a conclusion to this process during Q4 of this year. 
 
 
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 primary offices are in the United Kingdom and in California, USA.  The 
Company's 330,000 square foot manufacturing and assembly facility, located in 
Cedar Rapids, Iowa, is ISO9001:2000 QMS Certified.   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. 
 
 ### 
 
For more information contact: 
 
 
Business and Trade: 
Mary Gates 
 Director, Global 
Communications 
 
 Clipper Windpower, Inc. 
 6305 Carpinteria Avenue, Suite 
300 
 Carpinteria, CA 93013 
 (main) 805.690.3275 
 (direct) 805.576.1323 
 
 (fax) 805.899.1115 
 (mobile) 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 
 
 MSCIIFERLDLRFIA 
 

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