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American Wind Capital Acquires Wind Farm Capital
ESSEX, Conn., May 26 /PRNewswire/ -- American Wind Capital Company (AWCC), a leader in monetizing royalties from wind and other renewable energy projects, today announced an agreement to acquire Wind Farm Capital (WFC), a Connecticut-based company that also acquires royalty assets. Financial details were not disclosed.
- WFC brings a significant pipeline of monetization opportunities, as well as a network of regional sale representatives to support the company's origination effort. Together, the combined company will take advantage of the 30,000 MW of installed wind capacity, as well as other renewable opportunities.
- Wind Farm Capital's management team will join American Wind Capital. Jeff Keeler, an experienced professional in wind power development and acquisitions, joins as the Vice President of Business Development, and Justin Marron, a leader in managing royalty acquisitions in the wireless communications and utility businesses, joins as the Vice President of Acquisitions.
"We are thrilled to have the Wind Farm Capital group join our team," said American Wind Capital's CEO Charles Hinckley. "This rapid expansion of our business reflects the value we add for both large and small landowners of property that host renewable projects. Our products allow our landowner clients to receive the benefit of their renewable-related revenue stream today. And, as our customers benefit, they have enabled us to expand our service area from the East Coast to California during our first year of operation."
About American Wind Capital Company
American Wind Capital (http://www.americanwindcapital.com) monetizes long-term wind and renewable power project royalty payments for landowners across the U.S. by giving landowners an upfront, lump sum cash payment in exchange for their variable wind royalty payments. The company was founded in 2009 by experienced wind energy industry project developers who saw the need to aid landowners by converting all or part of their royalty income to immediate capital. AWCC is funded by the Barclays Natural Resource Investments ("BNRI") division of Barclays Capital, the investment banking division of Barclays Bank PLC and NGP Energy Technology Partners ("NGP ETP"), a leading private equity firm focused on the energy technology sector, and individual investors. For more information, see: www.americanwindcapital.com, or call (877) 669-2922 toll-free. In Texas, call (325) 455-1057 or visit us at 111 E Third Street, Suite E, Sweetwater, TX, 79556.
SOURCE American Wind Capital Company
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