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

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.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995