Xantrex likely to win with BP-Clipper Windpower deal
The deal between BP Plc and Clipper Windpower Plc to co-develop five wind farms in the United States totalling more than 2,000 megawatts could be good news for Canada’s Xantrex Technology. Clipper has traditionally been a loyal buyer of Xantrex’s wind inverter technology and MacMurray Whale, an analyst at Sprott Securities, believes the BP-Clipper deal is likely to translate into large orders for Xantrex, which seems to have turned itself around in the last quarter on the strength of orders from the solar market. Whale believes such an order would be material for Xantrex’s financials. The company releases its second quarter results this Tuesday, so perhaps we’ll get more insight on the impact of the deal and other developments.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca