Less than two years after Clipper Windpower was purchased by defense-industrial giant United Technologies Corp., the Carpinteria-based turbine maker is up for sale again. United Technologies, the name behind Pratt & Whitney jet engines and Sikorsky helicopters, bought Clipper in 2010 as the company was struggling to keep its cash flowing. The defense giant paid Read More →
The fuel for the region’s economy in the next decade might just be … fuel.
United Technologies Corp., a multinational firm that owns nearly half of Carpinteria-based Clipper Windpower, has reached an agreement with Clipper to buy the rest of the turbine maker. UTC acquired 49.5 percent of Clipper in December in a deal that gave it the right to boost its stake to 55 percent in 2012 — or Read More →
After rocky sales timing put Clipper Windpower in a cash crunch, its largest investor is in position to take control of the Carpinteria company just as its long-term prospects brighten. In December, multinational conglomerate United Technologies Corp. acquired a 49.5 percent stake in Clipper in a transaction that pumped $206 million in new capital into the Read More →