- Published: 13 July 2016 13 July 2016
Total Energy Ventures (TEV), the venture capital arm of Total that invests in start-ups, has acquired an interest in United Wind. United Wind installs, operates and maintains wind turbines (10 to 100 kW) under a leasing scheme involving no upfront cost for rural businesses and homes in the USA.
The power generated by the turbines is either used by the customers themselves or sold to the grid. The funding round is intended to finance United Wind’s expansion. TEV will sit on the company’s Board of Directors as an observer.