Helix Wind Corp., a global renewable energy company, has established a joint venture with Atoll Financial Group (AFG) to develop products and financing mechanisms to offer small businesses financing of its small wind turbines.
Helix Wind CEO Ian Gardner said, “We are excited to be the only small wind company to offer individuals and small businesses financing for small wind turbines, which can make purchasing renewable energy much more accessible to consumers.”
The program will provide financing to individuals, businesses, commercial users of volume orders as well as short-term and trade finance to distributors. Helix Wind distributors will be able to purchase and carry inventory.
The arrangement will also enable Helix Wind to build manufacturing facilities, if needed, in those markets where demand supports the investment as well as finance export sales into countries were Helix Wind does not yet have a local partner.
Finally, the Joint Venture will offer financing to Energy Services Companies (ESCO) and Renewable Energy Services (RESCO) companies, which both provide discounted energy services to commercial end users under Power Purchase Agreements or leasing models.
“This joint venture with Atoll Financial Group provides Helix Wind with the operational flexibility we need to grow. Being able to offer financing to our customers and distributors is a significant accomplishment,” Gardner said.
A Washington, DC-based financial services company, Atoll Financial Group specializes in assisting public and privately owned corporations in raising funds in the capital market for the realization of long-term, multi-million dollar projects.
Helix Wind is a global renewable energy company. It is engaged in the design, manufacturing and sale of small wind vertical axis turbine.