Southwest Windpower Raises $8 Million in Growth Capital

Funding Follows Strong Sales Growth; Fuels Upcoming Residential Wind

Technology Launch

Apr 05, 2006, 01:00 ET from Southwest Windpower

    FLAGSTAFF, Ariz., April 5 /PRNewswire/ -- Southwest Windpower (SWWP), the
 world's largest producer of small wind generators, announced completion of an
 $8 million Series-B equity investment led by RockPort Capital Partners, a
 venture capital firm in Boston.  CTTV Investments LLC, the venture capital arm
 of Chevron Technology Ventures and existing shareholder Altira Technology Fund
 IV LP of Denver also participated in the financing.
     This funding follows two years of solid growth by Southwest Windpower, as
 sales of small wind generators have increased 50 percent per year for the past
 two years.
     "The possibilities created by this capital boost enable us to grow and
 increase production of small wind energy systems all over the world," said
 Frank Greco, CEO of Southwest Windpower. "We have our sights set on continuing
 to broaden our portfolio with industry-leading products that are grounded in a
 mission to make renewable energy simple."
     The capital will support SWWP's efforts to launch a new, lower cost,
 residential wind technology later this year. It is anticipated that this new
 technology will make it significantly cheaper -- by up to 60 percent -- to
 produce wind energy on a residential scale.
     "This investment gives the company the growth capital it needs to expand
 its manufacturing and marketing operations as it readies the launch of its
 game-changing residential wind technology," said Hap Ellis, general partner of
 RockPort Capital Partners. "We believe Southwest Windpower's new technology
 will make inexpensive wind power available to consumers throughout the country
 and will revolutionize the distributed generation marketplace."
     Southwest Windpower attributes much of its recent success to American
 consumers' increasing awareness of energy security issues and the volatility
 of world oil markets. According to Greco, "The growing awareness of windpower
 and its benefits is a clear indication that we are moving toward energy
 security one household at a time."
     About Southwest Windpower
     Flagstaff, Arizona-based Southwest Windpower is the world's largest
 producer of small wind generators (400-3000 watts). The 20-year old company
 has been a pioneer in the development of wind technology and has produced over
 90,000 generators that provide power to residential homes, remote cabins,
 telecom transmitters, offshore platforms, water pumping and sailboats.
 Southwest Windpower distributes in more than 88 countries.
     On the Web:
     About RockPort Capital Partners
     RockPort Capital Partners is a venture capital firm based in Boston that
 invests energy and power technologies, advanced materials and process and
 prevention technologies. The firm is committed to companies with breakthrough
 technologies that deliver significant economic value to large potential
     On the Web:
     About Altira
     Altira is a venture capital firm focused on energy technology.  Based in
 Denver, the firm is investing from its fourth fund.  Altira looks for
 promising technology companies in the areas of natural resources, clean energy
 and electric power.  The firm targets opportunities in first institutional
 equity rounds with initial investments of $1 million to $3 million.
     On the Web:
     About CTTV Investments LLC
     CTTV Investments is the venture capital arm of Chevron Technology Ventures
     On the Web:

SOURCE Southwest Windpower