Nordic Windpower whips up funds for unique turbine
Nordic Windpower, maker of a cost-effective two-blade turbine, announced that it’s raised an undisclosed amount of interim financing (in preferred stock) to bring its technology to the market within the year. The Berkeley, Calif. company claims that its two-blade turbine design is cheaper, lighter and more effective than the three-blade models most of it rivals rely on.
The round was provided by Goldman Sachs, Impax Asset Management, I2BF Venture Capital and Pulsar Energy Capital. Nordic last raised funds in 2007, pulling in a substantial amount from Goldman Sachs.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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