After riding a wave of momentum with a $200M financing deal, New York-based United Wind, a provider of distributed wind-energy leasing solutions, has set its sights on the wind and farm-rich Kansas market, according to its co-founder and CEO, Russell Tencer, who has announced the addition of sales staff in Topeka, Kansas.
Similar to the rooftop solar leasing model, United Wind’s popular program offers a fixed rate, 20-year maintenance-free lease to qualified customers seeking to immediately reduce their energy bills by harvesting their on-site wind energy with no up-front, out-of-pocket costs.
United Wind offers a turnkey solution, from permitting and installation to regular maintenance over the lease term. By using proprietary wind analytics software, United Wind is able to guarantee annual production rates.
“We recently announced over $220M in financing for our WindLease program and the response to that news was overwhelming, including a flurry of inquiries from Kansas,” said Tencer. “We immediately signed six deals there and the pipeline continues to grow, so this expansion makes tremendous sense for the expansion of our business. Our WindLease program enables this underserved market to save monthly on electricity bills using their on-site wind energy. It’s a common sense solution and a game changer for distributed wind.”
Leading the charge for United Wind’s Topeka office is Kurt Koles, who will be heading regional efforts for the company. “Farms and other businesses that utilize United Wind’s WindLease model can expect to save upwards of $300,000 in electricity costs over the life of the project, while homeowners save upwards of $30,000,” said Koles. “We provide an easy, low or no upfront cost option to save money on utility bills while harnessing some of the best wind resources in the country.”
United Wind launched the WindLease program in late 2013 in an effort to provide financing to the historically underserved distributed wind market. During its first two years of operations, the company has closed multiple rounds of project financing, deploying over $220 million into hundreds of existing and planned projects throughout the country.
Filed Under: Community wind, Financing, News