In the short term, Clipper’s main focus will be the development of its wind power projects into which the Liberty turbines will be installed. It has already assembled a substantial portfolio of sites for wind farm development, with potential capacity totaling over 5,800 MW. It will also manufacture and sell its turbines to third parties.

Clipper Windpower raised gross proceeds of approximately £75m through a share placing of approximately 95,178,793 million new shares at a price of 190p per share. At admission, the company had a market capitalization of £180m, making it one of the largest AIM floats of 2005. The company’s ticker symbol is CWP.

Commenting on the IPO, James Dehlsen, Chairman and Chief Executive Officer, said, “We are delighted by the response received from investors to the Clipper story and look forward to our pending admission to listing on AIM. Increasing global energy demand and cost competitiveness of wind as an energy source support wind power’s position as the fastest growing sector of global electric power. The proceeds from the successful placing will allow us to move forward with the execution of our business plan.” Lehman Brothers is sole nominated adviser, broker and book runner to Clipper Windpower.

About Clipper Windpower

Clipper Windpower, www.clipperwind.com, is a rapidly growing wind energy technology, turbine manufacturing, and wind project development company. With offices in California, Colorado, Maryland, Mexico and the U.K., and ISO9001:2000 QMS Certified manufacturing and assembly facilities located in Cedar Rapids, Iowa, the company designs advanced wind turbines, manufactures its 2.5-MW Liberty wind turbine and actively develops wind power generating projects in the Americas and Europe. In September 2005, Clipper completed a successful IPO on the London Stock Exchange's Alternative Investment Market (AIM). Clipper's ticker symbol is CWP.

The ordinary shares of Clipper Windpower are traded on the Alternative Investment Market of the London Stock Exchange and are not registered under the U.S. Securities Act of 1933, as amended. Such shares may not be offered or sold to residents of the United States or to persons acting on their behalf, or to other persons who are "United States Persons" within the meaning of Regulation S as promulgated under the Securities Act of 1933, unless such shares have been registered under the Securities Act or there is an available exemption from registration.

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For more information contact:

Mary McCann-Gates
Director, Global Communications
Clipper Windpower Inc.
6305 Carpinteria Avenue, Suite 300
Carpinteria, CA 93013
(main) 805.690.3275
(direct) 805.576.1323
(fax) 805.899.1115
(mobile) 661.301.0400
mgates@clipperwind.com

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