Clipper Windpower Plc has
announced that it has entered into a 50:50 joint venture with BP Alternative
Energy to develop the Titan wind project, a 5,050MW South Dakota-sited wind
energy project formerly known as Rolling Thunder.
The project is expected
to be constructed in multiple phases and, if completed, will be the world's
largest wind facility. In accordance with the terms of the agreement, Clipper
and BP will combine their 50:50 interests in a previously announced 1,550MW
South Dakota joint venture project together with a further 3,500MW contiguous
wind resource to form the expanded 5,050 MW, 50:50 joint venture. In addition,
the JV has agreed it will enter into a Master Turbine Supply Agreement (MTSA)
which will enable the supply of up to 2,020 of Clipper's 2.5MW Liberty wind
turbines upon the Project's successful phase development and subject to the
satisfaction of certain conditions in accordance with the MTSA.
