Salka Corp. Launches To Pursue Renewables In North America

NAW Staff, Monday 17 June 2013 - 00:00:00

San Diego-based Salka Corp., which was launched earlier this month, says it has formed a strategic partnership with investment firm Wofi Capital to acquire, develop and construct wind and solar projects throughout North America.

Salka says Wofi Capital is "backed by a Gulf-based family office of ultra-high net worth investors," but the amount of funding was not disclosed.

Jiddu Tapia, who most recently was the chief development officer for North American wind development at Gamesa Technology Corp., will lead the company as CEO. While at Gamesa, Tapia oversaw the development and construction of five wind farms totaling 518 MW.

“I’m very excited to partner with investors who recognize that the best days of this industry are yet to come, and I’m delighted to continue my work under an even more agile and flexible structure that will further facilitate the pace of execution for renewable energy projects,” says Tapia.

Vishesh Kumar, general partner at Wofi Capital, adds, “We have reviewed a vast amount of opportunities globally, and that makes us particularly excited to enter into this strategic partnership with a pioneering executive as accomplished and innovative as Jiddu Tapia.”

Salka is focusing immediately on renewable energy projects in the U.S.; however, the company says it is well positioned to look for opportunities in Canada and other parts of the Americas as well.





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