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One Equity backs wind turbine maker

One Equity Partners, the private equity arm of investment bank JP Morgan Chase, has agreed its first deal in the renewable energy sector by investing $150m (€95.4m) in a London-listed wind turbine manufacturer.

One Equity will purchase about a 12.3% holding in Clipper Windpower, which is listed on London's junior Alternative Investment Market and manufactures wind turbines for power generation projects predominantly in the US as well as in Latin America.

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