Total buys stake in US wind company

Oil giant Total’s clean energy venture capital arm has bought a stake in United Wind. Total Energy Ventures (TEV), which invests in start-ups, will finance the Brooklyn-based company’s expansion into new states including Colorado, Kansas and Minnesota. United Wind leases small wind turbines – 10KW to 100KW – to homes and businesses in rural areas. […]

First green investment for Statoil Energy Ventures

Norwegian energy firm Statoil has made its first investment through its $200 million (£140m) venture capital fund dedicated to supporting green start-up companies. US firm United Wind is the first recipient of the $3 million (£2.1m) investment. The funding will allow the company to offer its ‘WindLease’ programme to new markets throughout Midwestern US and […]