- Published: 02 December 2015 02 December 2015
SheerWind is seeking qualified accredited Investors for growth funding. Funds will be used to meet increasing global demand for commercialisation and delivery of its INVELOX technology.
SheerWind is executing its strategy of licensing its patented INVELOX technology worldwide. 5 global distribution Hubs have been licensed to date: China, Denmark, the Netherlands, New Zealand and the Middle East. Each with multiple INVELOX projects in development for 2016–17 totaling over 337MW. The China Hub for example, is focused on community and utility scale INVELOX systems in 2016 with plans for 300MW the following year. The Netherlands Hub is developing roof-top units with plans for producing a 25MW utility-scale wind power plant within the next two years. SheerWind's strategy includes licensing INVELOX technology rights to qualified companies to sell, manufacture, construct, and commission using local resources. The company has as goal to add 8–10 more licensed distribution hubs in 2016.