Competitive Power Ventures Holdings, a power industry development and asset management firm, has inked a deal with private equity firm Warburg Pincus that will see the Warburg offer equity financing up to $300 million. The funding will support investments in CPV’s power generation development projects, including wind power, are set for construction and operation in the next few years. The new capital will enable CPV to hold larger equity stakes in the projects, most of which are powered by natural gas.

“Our focused strategy of creating significant new clean energy supplies across strategic markets, informed by current operational expertise and with a focus on community values, is proving to be a winning approach,” said CPV ceo Douglas Egan. “Clean, renewable wind power combined with ultra-low emission natural gas as the best way to meet North America's growing energy needs is an idea whose time has finally arrived.”