Champlin Windpower has announced that it has secured an initial investment of up to US$ 50 million from Good Energies. The financing will fund the growth and development activities of what will now be known as Champlin-GEI Wind Holdings.
Champlin-GEI Wind Holdings will focus on developing 100MW to 500MW wind projects in the Western US. Good Energies' investment will support both the acquisition and development of new projects as well as the advancement of Champlin's existing 4GW pipeline of projects. Champlin-GEI Wind Holdings will manage and perform all development activities required to bring its projects from conception to construction, including siting, environmental permitting, securing transmission, contract negotiations and arranging construction and project financing.
Champlin-GEI Wind Holdings will focus on developing 100MW to 500MW wind projects in the Western US. Good Energies' investment will support both the acquisition and development of new projects as well as the advancement of Champlin's existing 4GW pipeline of projects. Champlin-GEI Wind Holdings will manage and perform all development activities required to bring its projects from conception to construction, including siting, environmental permitting, securing transmission, contract negotiations and arranging construction and project financing.