CPW.L Share News (CPW)

Wind turbine maker Clipper Windpower had the wind in its sails on Wednesday morning after it said it has received a number of approaches from parties interested in making a significant investment in the company.The approaches have been from industrial multinationals and financial investors, and discussions over the size and structure of any transaction are in progress. Any deal could entail a new partner buying a substantial minority stake at or around the current market price, or could involve a full takeover.The company expects the discussions to be completed by the end of the year.'We believe that the potential partners offer synergies and the appropriate support to enhance Clipper's position as it seeks to capture the substantial opportunities available through the anticipated growth in the US and offshore wind markets over the coming years,' said Doug Pertz, president and chief executive officer of Clipper.In a separate announcement the company said it made a loss before tax of $120.2m in the first half of 2009 versus a loss of $211.7m a year earlier, on revenue that grew to $357.3m from $156.1m.Full year revenue is expected to be in the region of $750m from the sale of 260 turbines; 127 turbines had been sold at the half-year stage.Turbine production and deliveries for 2009 have been adversely affected by the deferral of 130 turbine shipments until 2010/11. The delay in fulfilling these orders will reduce anticipated margin for 2009 by $94m, the company said.The company expects an improvement in margins in 2010 driven by higher contracted pricing and lower component costs.