Clipper Windpower PLC (CWP.LN), and its subsidiary Clipper Windpower Development Corporation, said Monday that it has sold 70 megawatts or MW 28 of Liberty 2.5 MW wind turbines and its Maryland-based Criterion development project to Constellation Holdings, a subsidiary of Constellation Energy.

MAIN FACTS:

-Under the terms of the agreement, Constellation will purchase 28 Clipper 2.5 MW Liberty wind turbines and the 70 megawatt Criterion Project.

-Clipper will provide operation and maintenance services under a long-term agreement, and 24/7 operation oversight through Clipper's Remote Maintenance and Diagnostic Center located at its Cedar Rapids, Iowa manufacturing facility.

-The agreement, signed Monday, and subject to completion of certain closing conditions, is expected to close in the first quarter of 2010.

-The construction of the project is expected to commence in Spring 2010, with completion anticipated in the fall.

 
 -By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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