HomeWorld RegionsNorth AmericaSmall wind firm wins $200m in funding

Small wind firm wins $200m in funding

US-based small wind firm United Wind has received $200 million in funding from a Canadian investor.

According to the Reuters financial news service, the investment from Toronto-based Forum Equity Partners represents the largest capital injection to date in the small wind sector.

Reuters called the fundinga vote of confidence not only in the Brooklyn, New York-based startup, but in the nascent market for wind energy that is both produced and used on-site.”

The funds will support around 1000 on-site wind projects in the northeast and midwest of the US, United Wind said. à‚ 

Since 2013, the company has completed 26 projects that installed small and medium-sized wind turbines (pictured) on farms, rural households and industrial facilities. The company offers a leasing model similar to popular solar lease programmes.