in News Departments > FYI
print the content item

EverPower Renewables Corp., a New York-headquartered developer of utility-grade wind projects, has closed a $55 million financing commitment from Good Energies, a global investor in the renewable energy industry.

The investment will support the development of EverPower's existing portfolio of wind construction projects and help the company expand its pipeline of new projects, says EverPower, adding that management will maintain a majority position in the company.

EverPower is currently developing more than 1.5 GW of projects in seven states. A portion of the proceeds from Good Energies' investment will be used to secure turbines for EverPower's Pennsylvania and New York projects totaling 130 MW. Construction of these projects is expected to commence next year.

In related news, EverPower plans to open a new development office in Portland, Ore., early next year to oversee the development of several projects in Oregon and Washington.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
Canwea_id1984