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BP, Clipper Windpower unveil energy project in US, turbine supply deal

The five-year wind-farm development project, with an anticipated total generating capacity of 2,015 MW, will be located at five wind farms in New York, Texas, and South Dakota, the companies said.

LONDON (AFX) - Oil giant BP PLC and wind power specialist Clipper Windpower PLC have announced a joint energy project in the US and a long-term supply agreement for wind turbines.

The five-year wind-farm development project, with an anticipated total generating capacity of 2,015 MW, will be located at five wind farms in New York, Texas, and South Dakota, the companies said.

As part of the joint venture BP Alternative Energy has committed to the purchase of 100MW of Liberty turbines in 2007 and 200MW in 2008 which it will use on other projects in BP's global wind business.

These orders represent the initial firm deliveries under the long-term supply agreement for up to 900 Liberty turbines with a capacity of 2,250 MW over the next five years.

Under the strategic agreement between the companies, BP has also acquired a five year share option for a 10 pct stake in Clipper Windpower.

LONDON (AFX) - Oil giant BP PLC and wind power specialist Clipper Windpower PLC have announced a joint energy project in the US and a long-term supply agreement for wind turbines.

The five-year wind-farm development project, with an anticipated total generating capacity of 2,015 MW, will be located at five wind farms in New York, Texas, and South Dakota, the companies said.

As part of the joint venture BP Alternative Energy has committed to the purchase of 100MW of Liberty turbines in 2007 and 200MW in 2008 which it will use on other projects in BP's global wind business.

These orders represent the initial firm deliveries under the long-term supply agreement for up to 900 Liberty turbines with a capacity of 2,250 MW over the next five years.

Under the strategic agreement between the companies, BP has also acquired a five year share option for a 10 pct stake in Clipper Windpower.


Source: http://www.forbes.com/marke...

JUL 15 2006
http://www.windaction.org/posts/3513-bp-clipper-windpower-unveil-energy-project-in-us-turbine-supply-deal
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