Goldman Sachs Makes Significant Investment in Nordic Windpower

    SAN RAFAEL, CALIF. & QUEBEC CITY & LONDON, October 1 /CNW/ - Nordic
Windpower Ltd., a leading manufacturer of two-bladed utility-scale wind
turbines, announced today that Goldman Sachs, one of the world's largest
investment banks, has made a significant investment in the company.

    The investment marks a major new phase in Nordic's growth as it prepares
to start U.S. production of its innovative and field-proven turbines for
utilities, and large and small developers. The new money enables Nordic to
fulfill growing demand for low-cost, high-reliability wind turbines at a time
when the industry faces persistent supply constraints.

    Steve Taber, Nordic Windpower CEO, said, "We are delighted to attract
Goldman Sachs, one of the world's leading wind industry investors, as a key
shareholder. The investment will enable Nordic Windpower to become a market
and technology leader in the $20 billion global wind energy industry. It
provides Nordic with the resources to deliver its turbines as early as 2008
and focus on high-growth markets globally."

    Jim Walker, Nordic Windpower co-founder and president-elect of the
American Wind Energy Association said, "Goldman Sachs has helped grow major
wind energy companies such as Nordex and Horizon. Its commitment and backing
is a great endorsement of Nordic's technology and potential."

    The terms of the investment were not disclosed.

    Nordic was advised by Verte GBS,, specializing in the
environmental sector.

    About Nordic Windpower

    With offices in California, Sweden and London, Nordic Windpower
manufactures and sells competitively priced and highly reliable utility-scale
wind turbines to large and small developers and community wind projects
worldwide. With 10 years of trouble-free operations, Nordic's innovative
flexible technology is the result of a 30-year investment by the Swedish
government and European Union. Visit or call toll-free
(US) 888 322 2080 or +1 415 887 7628.

    About Goldman Sachs

    Goldman Sachs is a leading global investment banking, securities and
investment management firm that provides a wide range of services worldwide to
a substantial and diversified client base that includes corporations,
financial institutions, governments and high net worth individuals. Founded in
1869, it is one of the oldest and largest investment banking firms. The firm
is headquartered in New York and maintains offices in other major financial
centers worldwide.

For further information:

For further information: Pacific Communications/All Things Green Lori
Sinsley, +1-415-308-6970 Corfin Communications Neil Thapar or Martin Sutton,
+44 20 7977 0020

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890