The US industrial giant hopes to divest itself of Clipper within a year, says Matthew Bates, communications manager at Pratt & Whitney Power Systems (PWPS), a division that includes Clipper.
Bates tells Recharge that Clipper does not fit in with UTC’s future emphasis on the aerospace and building industries.
He says several short-term factors make it a candidate to be sold off: a global turbine glut and slow demand; lower-cost Chinese manufacturing capabilities; the sluggish pace of international economic recovery; and uncertain US policy on utility-scale wind energy.
But
