Northern Power Systems, Inc. has announced that its parent company, Wind Power Holdings, Inc, has completed an additional round of financing with net proceeds of approximately US$ 37 million to support the growth and development of Northern Power's wind turbine business.
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The capital was raised in a placement of Series A Preferred Stock with institutional and other accredited investors, and led by RockPort Capital Partners and Allen & Company LLC, which also served as the placement agent. To date, an aggregate of approximately US$ 56 million has been raised to fund the acquisition, growth, and development of Northern Power.
