in News Departments > New & Noteworthy
print the content item

OwnEnergy Inc., a wind project developer located in Brooklyn, N.Y., has completed its Series A round of financing. EnerTech Capital Partners led the round, with Contour Venture Partners and the New York City Investment Fund adding to their existing commitments to the company. As a result of the investment, Tucker Twitmyer of EnerTech will join the board of directors.

"The EnerTech investment comes at an excellent time and further improves our position in the dynamic and growing market for local, community-owned wind generation," says Jacob Susman, the OwnEnergy's founder and CEO. "The corporate capital will allow us to accelerate the expansion of our team and our business. In partnership with our local landowners, we are looking forward to adding significantly to the existing basket of great projects while building the advanced platform and processes required to efficiently and profitably complete these projects."

OwnEnergy focuses on partnering with landowners and communities, sharing ownership in the resulting local renewable energy projects. The company develops 10 MW to 80 MW wind farms.

SOURCE: OwnEnergy


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015