ABB_id2059
in News Departments > FYI
print the content item

Space Center Ventures, a Roseville, Minn.-based venture capital firm, has taken a stake in Minneapolis-headquartered Midwest Wind Finance (MWF), a wind farm financier.

The arrangement gives Space Center Ventures a minority ownership interest in MWF, which will gain working capital as it prepares to execute its business plan to finance at least $150 million in wind farm projects next year, according to MWF.

Paul Knapp, president and chief executive officer of Space Center Ventures, structured the transaction and will serve on MWF's board.

"We have been looking at getting into the rapidly growing wind energy business for several years," says Knapp. "With Midwest Wind Finance, we found the ideal vehicle to participate in the upside potential of this industry and add value using our experience."


Advertisement

Trachte_id2056
Latest Top Stories

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.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015