in News Departments > FYI
print the content item

San Diego-based Salka Corp., which was launched earlier this month, says it has formed a strategic partnership with investment firm Wofi Capital to acquire, develop and construct wind and solar projects throughout North America.

Salka says Wofi Capital is "backed by a Gulf-based family office of ultra-high net worth investors," but the amount of funding was not disclosed.

Jiddu Tapia, who most recently was the chief development officer for North American wind development at Gamesa Technology Corp., will lead the company as CEO. While at Gamesa, Tapia oversaw the development and construction of five wind farms totaling 518 MW.

“I’m very excited to partner with investors who recognize that the best days of this industry are yet to come, and I’m delighted to continue my work under an even more agile and flexible structure that will further facilitate the pace of execution for renewable energy projects,” says Tapia.

Vishesh Kumar, general partner at Wofi Capital, adds, “We have reviewed a vast amount of opportunities globally, and that makes us particularly excited to enter into this strategic partnership with a pioneering executive as accomplished and innovative as Jiddu Tapia.”

Salka is focusing immediately on renewable energy projects in the U.S.; however, the company says it is well positioned to look for opportunities in Canada and other parts of the Americas as well.




Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008
UnitedEquip_id1995