Focused on wind projects in all stages of development, Westerly will work with developers, communities and other stakeholders to make clean energy a reality by partnering to advance these projects toward completion.
Joe Cofelice, CEO of Westerly, said: “The recent financial crisis has led to a shortage of development capital and, as a result, many promising wind development projects are not being adequately funded. There has been a paradigm shift in wind development and small developers can no longer rely on a strategy of developing and flipping early stage development assets.
“By coupling Westerly’s expertise with USRG’s successful track record of investing in renewable power and clean fuel projects across the renewable landscape, Westerly stands as a powerful partner for project developers in the wind sector.”
USRG is a private equity firm focused on investing in renewable power, biofuels and clean technology infrastructure.
