The Clipper Windpower company in Carpinteria has new owners.
United Technologies Corporation, based in Connecticut reportedly purchased the company for just over $300-million dollars in 2010, and has now sold it to Platinum Equity out of Beverly Hills. The current deal began in March and was completed in two stages.
The terms have not been disclosed.
Clipper officials had hoped for more business, especially with support from the White House for renewable energy projects, but the orders did not come in.
Clipper has been struggling financially for years.
It's unclear what the future will be for Clipper or its employees at this point.
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