Nordic Appoints Chairman, Secures Investment

NAW Staff, Tuesday 19 February 2008 - 01:00:00

Nordic Windpower Ltd., a manufacturer of two-bladed utility-scale wind turbines, has appointed Mervyn Davies as its chairman.

Davies is chairman of Standard Chartered PLC, a position he took up in 2006 after serving as the company's chief executive for five years. He is also chairman of Fleming Family & Partners and the chairman of the Council of Bangor University.

"Mervyn's reputation and track record as an outstanding business leader is already well established,” says Steve Taber, Nordic Windpower CEO. "He is also a champion of environmental causes and of business ventures that provide economically viable solutions for the planet."

In related news, Nordic says clean-energy investor Impax Asset Management and Goldman Sachs have made strategic investments in the company. The investments, the company says, are part of a second-round fundraising by Nordic to finance its development and commence production of its utility-scale turbines from a manufacturing base in the U.S.


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