Wind energy gets investors

A Wilsonville company looks to enter the market for small wind energy farms, and has raised $4 million from investors.

Share this article!

Newly public wind company Zxeres sees a bright new future, after raising $4 million from investors to enter the growing small wind turbine market.

The small-scale wind energy farm market could double in size by 2013, to $400 million.

Last year alone, the U.S. small wind energy market drew $82.5 million in private equity investment, which outpaced the industry’s $82 million in U.S. sales. Over five years, small wind has generated $250 million in equity investment, said Ron Stimmel, a small wind systems expert with the American Wind Energy Association…

The news marks a reversal of fortune from a year ago, when the company was fighting through bankruptcy as Abundant Renewable Energy LLC, a privately held Newberg company.

Read more at Sustainable Business Oregon.

{biztweet}wind energy{/biztweet}



Latest from Oregon Business Team