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Tuesday, September 21, 2021

Clipper says Mexico wind turbines get funding

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Clipper Windpower Plc (CWPR.L) said financing has been received for 27 wind turbines to supply power to Wal-Mart Stores Inc (WMT.N) in Mexico

* $80.66 mln financing for 27 wind turbines

* Turbines to supply power to Wal-Mart Stores in Mexico

* Says still in investment talks with a number of parties

Clipper Windpower Plc (CWPR.L) said financing has been received for 27 wind turbines to supply power to Wal-Mart Stores Inc (WMT.N) in Mexico.

The $80.66 million financing loan by the Export-Import Bank of the United States, Ex-Im Bank’s first project financing for wind power, will fund 67.5 megawatts (MW) of Clipper Liberty 2.5M 1461745513

The project is owned by Electrica del Valle de Mexico, a subsidiary of EDF Energies Nouvelles (EDF.PA).

Clipper Windpower also reiterated that it expects talks with a number of parties on a possible significant investment in the company to conclude by the end of the year.

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