Fund of $5 billion (yes, billion) for renewable energy projects
May 26, 2009 by Paul Dvorak
Filed under Policy
Renewable energy development, say some, has been hampered by limited project funding. Angel Wealth Lenders, Columbus, Ohio, say it is opening a $5 billion fund to help advance qualified projects. The organization specializes in business transactions and working with the large structured financing firms. The lender recognizes that the U.S. has a rich source of continual wind energy. “We are committed to providing funding for projects that support environmental considerations along with the development and implementation of all renewable energy sources,” says firm President Angel Bischak.
Firm Director Larry Wiseman will be identifying projects that qualify for the fund with a focus on the wind power industry. “My mission is to find and support projects worldwide that contribute to the conversion of wind to energy,” says Wiseman.
Windpower Engineering Editor Paul Dvorak is an experienced mechanical engineer. Paul has seven years of hands on mechanical engineering experience and 23 years of technical writing. Paul is constantly in correspondence with wind turbine manufacturers and wind power researchers. Thanks to this correspondence, he is able to write about wind engineering topics before any other editor in the wind space.
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