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Wind Capital gets a $150 million boost
The wind energy company founded by Tom Carnahan is getting a $150 million investment from Ireland-based NTR PLC - a financial boost that Carnahan says will help transform Wind Capital Group LLC.
NTR will provide cash and supply 150 megawatts of wind turbines for delivery to Wind Capital in 2010, Carnahan said in an interview. In return, NTR will get an undisclosed stake in the company. ...Earlier this week, Wind Capital agreed to sell a 400-megawatt wind farm site in southern Minnesota to a subsidiary of Wisconsin-based Alliant Energy Corp. In December, the company sold a 200-megawatt wind farm site in Iowa to Alliant.
April 25, 2008
by Jeffrey Tomich
in St. Louis Post-Dispatch
The wind energy company founded by Tom Carnahan is getting a $150 million investment from Ireland-based NTR PLC - a financial boost that Carnahan says will help transform Wind Capital Group LLC.
NTR will provide cash and supply 150 megawatts of wind turbines for delivery to Wind Capital in 2010, Carnahan said in an interview. In return, NTR will get an undisclosed stake in the company.
"What this investment allows us to do is go from being a site development company that required partners for turbines and financing to being an asset owner," he said.
Carnahan, the son of former U.S. Sen. Jean... [continue via Web link]
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