Clean Power

Published on August 28th, 2009 | by Zachary Shahan

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International Wind Power Business Acquisition — Confidence in the US

August 28th, 2009 by Zachary Shahan 

A major move in the wind power industry this week shows international confidence in wind power in the US. A multi-million dollar acquisition by a British investment firm demonstrates that large financial players are seeing the US as a good place to invest in wind power.

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Terra Firma, a private equity firm from Britain, is acquiring EverPower, a NY based wind power developer. The deal is said to be for about $350 million and proves that Terra Firma chairman, Guy Hands, is being honest when he says that the US renewable energy market is worth “significant investment.”

With continued growth in the wind energy market (wind energy increased 34.5% in the last year in the US — far more than any other energy source), record highs in clean energy patents, and advice from Morgan Stanley and Climate Change Capital, Terra Firma decided to put its money on EverPower.

EverPower has offices on the east coast (New York City) and west coast (Portland, Oregon). It has wind farms across the country — in New York, Oregon, Pennsylvania and Ohio. It is also developing new wind farms in seven states, according to its website.

Renewable energy, and perhaps especially wind energy, is leading the economy right now. Here is another example of this increasing economic trend.

For more information on green investment, read First US Mutual Fund to Report Carbon Footprint.

For more on green technology as an economic key to the future, read Green Jobs and Clean Energy: #1 Way to Lead the World.

Image credit: Conor Dupre-Neary via flickr under a Creative Commons license 
 

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Tags: Climate Change Capital, energy market, EverPower, mergers, Morgan Stanley, patents, Terra Firma

About the Author

Zachary Shahan is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.

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