Nordic Windpower's two-bladed N1000 turbine.
Nordic Windpower, a Berkeley, Calif., developer of low cost two-blade turbines, has raised $38 million in a third round of funding led by Khosla Ventures. Other investors included New Enterprise Associates, Novus Energy Partners and Impax Asset Management, an existing investor.
Other participants included I2BF Management and Pulsar Energy Capital. The company has closed three funding rounds since 2007, raising capital from Goldman Sachs International and NBT AS, among others.
The company plans to use the cash to scale the manufacturing and distribution of its one megawatt, N1000 wind turbines.
In July Nordic secured a $16 million Department of Energy loan guarantee, which it plans to use to expand a wind turbine assembly factory in Pocatello, Idaho.