Southwest Windpower (SWWP) announced completion of an US$ 8 million Series-B equity investment led by RockPort Capital Partners, a venture capital firm in Boston.
CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures and existing shareholder Altira Technology Fund IV LP of Denver also participated in the financing. The capital will support SWWP’s efforts to launch a new, lower cost, residential wind technology later this year. It is anticipated that this new technology will make it significantly cheaper to produce wind energy on a residential scale.
