Medford, Oregon-based UpWind Solutions Inc. announced a $28.8 million equity financing round led by Kleiner Perkins Caufield & Byers and returning investor MissionPoint Capital Partners.
UpWind is a wind asset management services firm. The financing will be used to build the company’s technical capabilities and pursue complimentary business lines to enhance its service offerings.
UpWind currently provides services to the North American wind generation industry including operations and maintenance services, commissioning, pre-warranty expiration and other services. UpWind manages hundreds of megawatts of wind generation under long-term contract on behalf of major utility and IPP. The Company also provides services to major wind turbine OEMs and asset owners on an un-contracted basis.
The investment round was led by Kleiner Perkins Caufield & Byers (KPCB), out of their Green Growth Fund.
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