in News Departments > FYI
print the content item

Barre, Vt.-based Distributed Energy Systems has completed the sale of the assets of its wind turbine division to CB Wind, a newly formed private company focused on wind energy.

In connection with the closing, CB Wind has changed its corporate name and will continue to operate under the name Northern Power Systems Inc. as a wholly owned subsidiary of Wind Power Holdings Inc.

"We are pleased to have a knowledgeable and financially strong owner to recapitalize Northern Power and participate in the accelerated interest in renewable energy," says Bud Cherry, CEO of the new Northern Power. "Northern has already achieved significant sales growth of its Northwind 100 wind turbine product line in recent months, and our new ownership and its investment will allow us to continue to deliver leading-edge wind turbines and excellent service to new and existing customers."

SOURCE: Northern Power Systems Inc.

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.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015