Cohocton Wind Watch: Clipper Windpower in Carpinteria is Sold to Beverly Hills Buyer
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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Thursday, August 09, 2012

Clipper Windpower in Carpinteria is Sold to Beverly Hills Buyer

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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First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

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