EverPower raises $55M to expand wind power projects

EverPower Renewables, a New York developer of wind power farms, today announced it has closed a $55 million in financing from Good Energies, an investor the renewable energy industry.

It follows news yesterday that competitor Nordic Windpower raised a significant round of funding from Goldman Sachs.

EverPower is developing more than 1.5GW of projects in seven states. A portion of the proceeds from this investment will pay for turbines for EverPower’s Pennsylvania and New York projects, totaling 130 megawatts, the company said.

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.