- Published: 04 August 2008 04 August 2008
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.