Southwest Windpower, which makes small wind turbines, said Wednesday that it has bought Deerpath Energy, which specializes in developing projects with multiple microwind turbines.
The acquisition--the value was not disclosed--brings with it Deerpath's pipeline of projects and its business model of financing installations of small turbines in places such as retail store parking lots and municipal buildings, said Southwest Windpower.
For example, Deerpath used Southwest Windpower pole-mounted wind turbines at a Sam's Club store in Palmdale, Calif., which put 17 turbines online in its parking lot this spring.
rapidly over the past three years, as individuals and organizations seek out clean-energy options for on-site electricity. But and the upfront cost remain barriers to adoption.
Deerpath Energy, a small company based in Marblehead, Mass., creates long-term financing and provides services, such as project development and ongoing maintenance.
Buying Deerpath will give Southwest Windpower better tools for monitoring turbines in the commercial and utility markets. "Deerpath's core competency lies in the micrositing of small wind systems which represents a unique, high value expertise as distributed applications grow beyond the residential home market," said Southwest Windpower CEO Dixon Thayer in a statement.