Clipper Windpower Transaction Honored By Ex-Im Bank

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Clipper Windpower Inc., a manufacturer of wind turbines located in Carpinteria, Calif., received the 2010 Deal of the Year award from the Export-Import Bank of the United States (Ex-Im Bank) at the bank's annual conference in Washington, D.C.

Clipper was honored for its deal in which it is exporting 27 Liberty 2.5 MW wind turbines to Mexico, backed by an Ex-Im Bank $80.66 million direct loan.

‘Clipper Windpower's transaction was the first export of its wind technology outside of the United States, the first Ex-Im Bank project financing for a wind power sale and the first large U.S. wind technology sale in Latin America,’ says Fred P. Hochberg, chairman and president of Ex-Im Bank. ‘The transaction is keeping U.S. workers employed while furthering renewable energy and green technology exports.’

The Liberty wind turbines were installed at La Ventosa-La Mata in Oaxaca, Mexico, and are currently starting operations. The 67.5 MW project is owned by Electrica del Valle de Mexico, a subsidiary of France's EDF Energies Nouvelles.

SOURCE: Export-Import Bank of the United States

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