Clipper Windpower Plc announced that it has entered into a 50:50 joint venture with BP Alternative Energy to develop the Titan wind project.
a 5,050-megawatt (MW) South Dakota-based wind energy project formerly known as Rolling Thunder. The project is expected to be constructed in multiple phases and, when completed, will be one of the world’s largest wind facilities.
In accordance with the terms of the agreement, Clipper and BP will combine their 50:50 interests in a previously announced 1,550-MW project as well as in a 3,500-MW contiguous wind resource to form the expanded 5,050-MW project.
In addition, the joint venture has agreed that it will enter into a Master Turbine Supply Agreement (MTSA) which will enable the supply of up to 2,020 of Clipper’s 2.5-MW Liberty wind turbines upon the project’s successful phase development. Development of the Titan project is underway.
“BP’s leadership in recognizing and acting on its commitment to increase its international renewable energy portfolio is exemplary” said James GP Dehlsen, Clipper’s chairman and CEO. “Both South and North Dakota, with their abundant and renewable wind energy resources are an important part of our Nation’s clean energy, and energy secure future. We look forward to this and future world-class projects of this caliber which continue to be spurred by the growing demand for environmentally responsible and sustainable energy solutions.”
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