Customer seeking to freeze Clipper Windpower assets, including Cedar Rapids factory
A major Clipper Windpower customer is seeking to freeze the recently sold company's assets - including its Cedar Rapids factory and equipment - to ensure it can pay a possible arbitration settlement.
Join the discussion below, or Read more at The Gazette.
#1 Nov 12, 2012
clipper is positioning for chapter in bankrupcy
to make more money
#2 Nov 12, 2012
clipper is just positioning to make more money in tax wrightoffs and save there assets
#3 Nov 23, 2012
Not to worry...Clipper to be gone soon. No bank would loan the money to the developer to construct once they found out it would be Clipper turbines. Banks will loan on GE and Siemens and possibly one or two others like Acciona, Alstom, or Gamesa. Chinese turbines also suck.
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