Clipper is a California-based company engaged in wind energy technology, turbine manufacturing and wind project development.
UTC said that the acquisition creates the long-term financial stability necessary for Clipper’s continued growth, while enabling the company to fully leverage UTC’s management capabilities and operational expertise.
Last year, UTC made its first investment in Clipper by paying £126m for a 49.9% interest in the company.
Based in Hartford, Connecticut, UTC is a diversified company that provides technology products and services to the building systems and aerospace industries.
