Things look glum for the wind industry since the Corporate Welfare Production Tax Credit failed to pass!
United Technologies Unloads Clipper Windpower
United Technologies, the industrial conglomerate based in Hartford, CT, is putting Clipper Windpower on the chopping block.
Less than two years after picking up Clipper for $112 million in late 2010, UTC claims the Carpinteria, CA-based wind turbine manufacturer does not fit within UTC’s future focus on the aerospace and building industries, according to comments made by a UTC representative.
Clipper, which has about 600 employees, makes one of the largest wind turbines in the United States – the 2.5-megawatt (MW) Liberty wind power turbine.
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Expect more such announcements as other corporate owners dump these non- performing tax shelters.
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