Statoil Energy Ventures (SEV) will inject $3m into the company, which is pioneering a business model adapted from the rooftop solar sector that will allow rural customers to install wind turbines on their property “with no up-front, out-of-pocket costs”.
“Statoil is committed to wind energy, as demonstrated by our strong position in offshore wind,” says SEV managing director Gareth Burns.
“[This] investment in United Wind secures early entry in the company driving the growth of the distributed wind market in the US."
Burns
