in News Departments > FYI
print the content item

Silver Spring, Md.-based Competitive Power Ventures Holdings LLC (CPV), a North American power industry development and asset management company, has formed an agreement with global private equity firm Warburg Pincus. Under the terms of the agreement, Warburg Pincus will provide additional equity financing for CPV of up to $300 million.

The funding will allow CPV to invest in its power generation development projects, entering into construction and operation over the next few years. CPV currently has nearly 8,000 MW of conventional generation projects in various stages of development and plans to move approximately 2,300 MW of generating capacity into construction over the next two years.

Wind power development plays a significant role within CPV's portfolio. The company has nearly 5,000 MW of wind power projects in development with plans for more.

"People across North America are clamoring for more clean, domestically produced electric power," says Douglas Egan, CPV's CEO. "Our focused strategy of creating significant new clean energy supplies across strategic markets, informed by current operational expertise and with a focus on community values, is proving to be a winning approach."

SOURCE: Competitive Power Ventures Holdings LLC



Advertisement

Trachte_id2056
Latest Top Stories

Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.

Hybrid Energy Innovations 2015