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Distributed Wind Has Floundered for Years. Now Oil Companies Are Investing in It
Green Tech Media: United Wind, a U.S. company bringing third-party financing to distributed wind, continues to pick up money from international oil companies expanding their clean energy investments.
The venture arm of the French oil major Total today announced an undisclosed equity investment in United Wind. This follows a modest $3 million equity investment from the Norwegian multinational oil company Statoil in March. Both companies now sit on United Wind's board.
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