NACEL Energy Announces Funding

NAW Staff, Tuesday 29 January 2008 - 10:31:29

NACEL Energy Corp., a developer of community wind projects, has announced capital funding commitments totaling $3.2 million. All proceeds will be allocated to NACEL Energy's ongoing development of 80 MW of new wind power generation facilities.

In return for an equity stake, NACEL Energy structures financial partnerships with ranchers, farmers and rural electric cooperatives, complementing the federal incentives promoting wind energy development, including the production tax credit and clean renewable energy bonds, and serving to improve wind energy project economics and expedite timelines.




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