Helix Wind expects to submit an application to the Department of Energy for two separate loan guarantees totaling $10 million early next year.
San Diego-based Helix plans to use the guarantees to finance it acquisition of U.S. turbine maker Abundant Renewable Energy and Venco Power, which is based in Germany and manufacturers vertical axis small wind turbines.
Helix CEO Ian Gardner tells us that they are assembling the application package for submittal early next year. Deadlines to submit a DOE loan-guarantee application are February 18, 2010; April 22, and June 24.