A California business journal is reporting that Clipper Windpower, which has a wind turbine servicing operation in Cedar Rapids, plans to close its Caprinteria, Calif. headquarters.
The closing plan was announced at an all-employees meeting on Nov. 7, according to a Nov. 16 report in the Pacific Coast Business Times, quoting an unnamed “person who was present.”
The report said that by February, Clipper will consist of “somewhere under 100 employees,” all of them in Cedar Rapids. It said the remaining employees will likely focus on servicing the proprietary gearboxes on the fleet of 739 Clipper turbines already in service.
Clipper Windpower was acquired earlier this year from United Technologies Corp. by Platinum Equity, a private equity firm based in Beverly Hills.
A lawsuit filed recently by a major customer in Linn District Court documents Clipper’s financial difficulties, which it linked to massive warranty claims resulting from problems with Clipper’s turbines.
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