Contact:
Jeff Wright, VP
Midwest Wind Finance
612-332-0607
FOR IMMEDIATE RELEASE
Midwest Wind Finance Hires Director of Finance
May 29, 2008
Minneapolis, MN – Midwest Wind Finance (MWF), a firm specializing in financing community-scale wind farms throughout the US, has hired Clayt Tabor to be Director of Finance.
His responsibilities at MWF will include working with financial sources to obtain funding for developers and landowners, working closely with project development staff to meet project benchmarks, and raising capital for the GridPath Fund, created by MWF to provide development capital to promising wind farm projects.
Mr. Tabor has 22 years experience in corporate and structured finance and fixed-income securities trading, He is a former head of mortgage securities trading for Piper, Jaffray, & Hopwood in Minneapolis and was a founder of Tax Lien Resources Group, (“TLR”), the tax lien acquisition and servicing agent for GMAC/RFC. While at TLR, Mr. Tabor built a $32 million portfolio.
Mr. Tabor earned a B.A. degree in physics from San Diego State University, with an emphasis in meteorology and aerodynamics.
MWF’s project financing models support the return of ownership to the people who start projects. This philosophy has attracted nearly $1 billion of project financing contracts to MWF. The company also manages the Wind Renewable Fund, a turbine down payment fund the company raised in 2007.
MWF President Ken Valley said, “We are very pleased that an individual with Clayt’s sophisticated financial background is joining our team. We are headed into a period of aggressive growth in our project financing activity, and we expect Clayt to be a key player.”
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