Xzeres Corp. has announced an agreement with Prowind (UK) Ltd. Prowind, a wind project developer, is now working with Xzeres to focus on a substantial effort targeted at building a large distributed wind investment portfolio in the UK utilising the Xzeres 10kW turbine.
The portfolio will capitalize on the UK Feed-in-tariff program whereby the portfolio will receive a 20 year recurring revenue stream from the tariff program, and the land owner will enjoy the benefit of the distributed electricity produced on-site. Xzeres' financing partner, Renewable Power Resources, LLC, is playing an active role in supporting this program.
