Casper, Wyo.-based NACEL Energy Corp., a developer and aggregator of wind power infrastructure, has announced the closing of its initial public offering and the formal issuance of its stock trading symbol, ‘NCEN.’
NACEL Energy's direct public offering was registered on Form SB-2 and declared effective June 7. The offering closed Sept. 30, and NACEL Energy's shares opened for trading on Dec. 10.
NACEL Energy develops community-based wind – utility-scale wind power generation with a sustainable footprint and local partners. According to the company, community wind projects often enjoy a competitive advantage over other forms of wind energy development, including faster permitting times, local political support and additional government incentives.
In return for an equity stake, NACEL Energy structures financial partnerships with ranchers, farmers and rural electric cooperatives, complementing the federal incentives promoting wind energy development, including the production tax credit and renewable energy bonds.