UPDATE 1-Clipper says Mexico wind turbines get funding

Thu Nov 26, 2009 7:50am GMT
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* $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

(Adds details)

LONDON, Nov 26 (Reuters) - Clipper Windpower Plc (CWPR.L: Quote, Profile, Research) said financing has been received for 27 wind turbines to supply power to Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) 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: Quote, Profile, Research).

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.

(Reporting by Julie Crust; editing by Victoria Bryan)

((julie.crust@thomsonreuters.com; +44 207 542 3847))

 
 
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