Wind Portfolio Grows with Investment

CPV Wind Ventures, LLC acquired Distributed Generation Systems’ (Disgen) wind project development portfolio, combining development and financing capabilities as well as access to capital markets of the two companies’ presence in the wind industry for a geographically diverse and mature wind development portfolio.

The Disgen portfolio has nine advanced development projects totaling more than 1,000 MW, which will be combined with CPV Wind’s existing development program. CPV Wind’s portfolio now exceeds 2,700 MW of advanced and early stage development projects. CPV Wind is backed by private equity and it secured a large block of wind turbines from GE to support its development portfolio earlier this year. “With the rapid expansion of the wind industry in the United States and the consolidation of the developer component of the industry, it has become increasingly clear that access to significant capital is required for success,” said Disgen founder and wind industry pioneer Dale Osborn, President and CEO of Disgen. CPV Wind Ventures is a privately held company owned by subsidiaries of Competitive Power Ventures and ArcLight Capital Partners, LLC and is developing one of the broadest wind energy development programs in the industry. Established in April 2001, ArcLight Capital Partners, LLC is focused exclusively on the energy sector with more than $4.6 billion under management. Distributed Generation Systems, Inc. is a privately held renewable energy developer, founded in 1996, Disgen completed the development of the first commercial wind facilities in Colorado and Pennsylvania and has commenced construction of the first utility scale commercial wind facility in Massachusetts. Disgen has recently amended its focus towards smaller community based projects with special attention to development on Native American Reservations.
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