Wind turbine manufacturer Clipper has sold its Maryland wind energy project together with wind turbines for the 70 megawatt capacity project to Constellation Energy.
The sale of the ‘Criterion wind energy project’ included 28, Clipper ‘Liberty 2.5MW’ wind turbines for at total of $140m. Constellation is a Fortune 500 company headquartered in Maryland.
As a result the wind turbine company Clipper, moved higher on the Aim list yesterday with shares rising by 3.8 per cent to 148p. President and CEO of Clipper Windpower said;
“We applaud Constellation Energy’s leadership in entering the wind energy sector through the purchase of this project and Clipper Liberty wind turbines. Criterion will be a state of the art project, one the State of Maryland and Constellation Energy can certainly be very proud of.”
The start of construction is expected in 2010 and Criterion is expected to become Maryland’s first wind energy project. Clipper will provide operation and maintenance services under a long-term contract.
