Nordic Windpower raises new funds
Nordic Windpower, a developer of low cost two-blade turbines, has raised an undisclosed amount of interim financing, mostly in prefered stocks. It plans to use the funds to commercialize its turbine.
The company argues that the two-blade turbine it has designed is cheaper, lighter and more effective than the three-blade model most wind-generation companies rely on.
Last week the Berkeley, Calif., company also appointed Thomas Carbone as CEO.
This latest financing round was led by Nordic’s traditional backers including, Goldman Sachs, Impax Asset Management, I2BF Venture Capital and Pulsar Energy Capital.
