OwnEnergy catches new funds for wind farms
OwnEnergy, a company that works with landowners to build and manage 10 to 80-megawatt wind farms, added an undisclosed amount to its first round of funding, bringing new investors Clearpoint Ventures and GoGreen Capital into its fold. Following a first chunk of funds received in October, this extension pushes the company closer to the $100 million mark it needs to hit for a 51-megawatt project in north Texas.
Based in New York, the company has also added some savvy personnel. Ray Henger joins as finance director after serving as managing director of Credit Suisse’s U.S. Power and Renewables Group. And Chip Readling has become a senior project manager after four years at Noble Environmental Power. In his old job, he oversaw the construction of 900-megawatts of wind projects across five states. At OwnEnergy, he will be in charge of farm development across the midwest.
Right now, the company has 20 wind projects in the works, 13 in the U.S. It has also expressed interest in branching into solar and biomass production once its wind efforts have gained traction.
EnerTech Capital Partners, Contour Venture Partners and the New York City Investment Fund contributed to the earlier part of the round last fall.
Next Story: Medem channels $1.7M for online medical services
Previous Story: Visible Technologies raises $6M to help companies track buzz
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.