Friday, December 11, 2009

Clipper Windpower Gets $206M In Equity Investment

Carpinteria-based Clipper Windpower Plc, a developer of wind turbines, said this week that it has reached a deal to receive $206M in an equity investment from United Technologies Corp. UTC will also purchase up to 21.8 million Clipper shares from existing shareholders. The firms said that the move will give UTC a 49.5% stake in Clipper. Clipper is listed on the London AIM exchange.

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