The Windquest Group has made an investment in Energetx Composites. The proceeds of the investment will be used to continue the scale-up of Energetx Composites' manufacturing equipment for the production of utility-scale wind turbine blades. Details of the transaction were not disclosed.
Windquest will participate as a financial partner and join the Energetx board of directors, helping to provide strategic input to Energetx, according to the company.
Energetx recently announced a manufacturing master supply agreement with Spain's Aeroblade. The company will become Aeroblade's North American manufacturing partner, supplying utility-scale wind turbine blades to Aeroblade's customers throughout the U.S. and Canada.