United Wind has gotten $200 million in funding from Forum Equity Partners, according to BusinessInsider.
United Wind, which is based in New York City, leases wind turbines to farms and rural homes. The story says that the investment from the Toronto-based firm is the largest ever in small wind projects. The company told Reuters that the funding will be used for about 1,000 projects in the northeast and Midwest. The company has worked on 26 projects since its founding in 2013.
Late last year, United Wind received $13.5 million in funding from New York’s NY Green Bank and the U.S. Bancorp.
Last month, General Motors said that its Arlington, TX plant soon would be more than half powered by wind. The report, which focused on a power purchase agreement between the company and EDP Renewables North America, originally appeared in Clean Technica.