Tandon in the News
Total Buys Stake in Brooklyn’s United Wind Leasing Business
- Anna Hirtenstein for Bloomberg July 12th, 2016
- Source: http://www.bloomberg.com/news/articles/2016-07-12/total-buys-stake-in-brooklyn-s-united-wind-leasing-business
Total SA’s venture capital arm acquired a stake in United Wind Inc., a Brooklyn-based company that leases small wind turbines in rural areas.
Total Energy Ventures will finance the startup’s expansion into new states including Colorado, Kansas and Minnesota, it said in a statement. Transaction details weren’t disclosed.
“This latest investment strengthens TEV’s participation in the distribution of renewable energy,” said Jerome Schmitt, executive vice president of sustainable development and environment at Total. “It allows us to explore the interest in small-scale renewable energy solutions which can be connected to the grid and how these can be financed.”