NewEnergyNews More: Third Party Financing For Wind Comes To The Midwest

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  • Monday, March 14, 2016

    Third Party Financing For Wind Comes To The Midwest

    United Wind introduces third-party leasing to wind energy market; New York company working with Kansas farmers to capture wind

    Morgan Chilson, March 12, 2016 (Topeka Capital Journal)

    “…New York startup United Wind’s WindLease program,is pushing into the distributed wind energy market in Kansas and other Midwestern states, backed by significant international dollars and the opportunity for landowners to use third-party financing to tap into wind energy…[The financing plan] eliminates the substantial initial investment farmers and property owners would have to make to purchase a wind turbine…Instead, farmers can sign a 20-year lease agreement with United Wind, which would install and maintain the turbine…[Toronto’s Forum Equity Partners invested $200 million and Statoil Energy Ventures, an arm of Norway’s largest energy provider Statoil ASA, invested $3 million in United Wind last month.] According to the U.S. Department of Energy’s 2014 Distributed Wind Energy Report, distributed wind projects in the United Sates accounted for almost 1 gigawatt of energy generation from nearly 784,00 wind turbines…[but sales have] slowed after record sales in 2008 through 2012…[United Wind] hopes to change that by simplifying the process of putting in a turbine…” click here for more


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