NewEnergyNews: THIRD PARTY FINANCE FOR WIND GETS $25MIL FUNDING

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    Thursday, October 17, 2013

    THIRD PARTY FINANCE FOR WIND GETS $25MIL FUNDING

    U.S. DOE Highlights Wind Energy Financing Model by United Wind; Company's New Financing Model Helps Lower Costs for Distributed Wind Projects, Captures First Institutional Capital Investment for WindLease Platform

    October 15, 2013 (United Wind via Market Wire)

    “United Wind, a leading provider of distributed-scale wind energy through its WindLease™ platform…[T]he U.S. Department of Energy (DOE) highlighted…[United Wind’s distributed-scale wind energy WindLease™] financing programs…[in its] 2012 Market Report on Wind Technologies…The detailed report hails the company's financing model for reducing upfront costs…of distributed wind projects in the rural and farm markets…Recently, United Wind secured the first institutional capital investment…[from] GSG Energy Finance, an energy equipment leasing company. This will enable the company to deploy up to $25 million towards [U.S.] wind energy projects…[T]he company can now effectively monetize the tax incentives created by these projects, in order to realize significant savings for its customers…” click here for more

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