Cohocton Wind Watch: United Technologies Seeks Sale of Clipper Windpower Turbine Unit
Cohocton Wind Watch is a community citizen organization dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life in Cohocton, NY and in surrounding townships. Neighbors committed to public service in order to achieve a reasonable vision for a Finger Lakes region worthy of future generations.


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Friday, March 16, 2012

United Technologies Seeks Sale of Clipper Windpower Turbine Unit

United Technologies Corp. (UTX), the industrial conglomerate, is seeking a buyer for Clipper Windpower a year after taking control of the struggling turbine maker.

United Technologies is selling Clipper, along with other units, to raise $3 billion for its purchase of Goodrich Corp. (GR), the Hartford, Connecticut-based company said today in a statement.

United Technologies decided to sell the “non-core” wind business, based in Carpinteria, California, as it reevaluates its portfolio, Chairman and Chief Executive Officer Louis Chenevert said in the statement.

United Technologies bought the 51 percent of Clipper it didn’t already own for $222 million in October 2010, after reduced orders left the wind company struggling to finance operations.

Clipper abandoned plans in August to build the world’s largest turbine, the 10-megawatt offshore Brittania model to focus on land-based products.

United Technologies is classifying Clipper as a discontinued operation. The wind unit declined to comment.

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