Wind Renewable Fund
WRF is a fund we have raised in order to help our project customers get turbine supply agreements in place and fund late stage development expenses. The Wind Renewable Fund has allowed us to put in place agreements with turbine manufacturers, gaining us access to a significant number of turbines. The Fund is essentially bridge financing and is often the final development piece that gets a project to the stage where a long term equity investor will step in and invest in owning the project.
In addition to the clout this Fund gives us, turbine companies like the fact that we have a large number of projects in our pipeline. This provides a ready market for “fill-in” orders and the basis for a long term relationship with Midwest Wind Finance.
The Wind Renewable Fund has not only helped us gain access to wind turbine supply, but also favorable turbine pricing |