UTC says it “has completed the divestiture of its Clipper Windpower unit to Platinum Equity” after announcing in March that it planned to sell the US-based wind turbine business.
The terms of the agreement were not disclosed by UTC, which bought Clipper in 2010 for a reported $430m.
Since then Clipper and its 2.5MW Liberty turbine have struggled to make an impact in a market dominated by pure-wind rivals such as Vestas, and global industrial groups such as GE and Siemens.
It
