# 2025 Off to a Strong Start | Wind Harvest

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- Entity ID: wefunder:feed_item:178816
- Published at: 2025-01-16 19:23:55 UTC
- Updated at: 2025-07-16 16:20:23 UTC

## Author
Kevin Wolf

## Subject
Wind Harvest

## Content
The new year is starting fast and strong, but all progress has a cost. The good news is that the additional investments and loans we need right now will increase the value of our company as explained below.Major Potential Project In US Virgin Islands:I am happy to announce that we are initiating the permitting process for what is expected to be a $45M, 100 turbine-5 MW project in the US Virgin Islands. Our target is to start with 20 turbines in early 2026 and complete the rest of the project later that year. The margin from the sale would bring us roughly $7M of net profit at the end of 2026 based on our projection model. (See slide 9 in our updated deck). The USVI project’s energy user can purchase power from this project at a lower cost than they can produce it on site with fossil fuel generators. Wind Harvest plans to finance this and other projects with the long term objective of direct ownership of income-producing assets. We can do this with the 40% investment tax credit, accelerated depreciation, “specialty insurance” wrapped project loans backed by power purchase agreements and some equity from our Series B round.Obviously, achieving the above will significantly increase our company’s valuation and help prepare us for a possible IPO in 2027. This would provide the holders of Wind Harvest shares and warrants with a liquidity opportunity at a much higher stock price.Right now we need to send the energy purchaser a meteorological mast and wind speed data collection system (~$4000) to confirm average annual wind speeds on the project site. We also need to invest about $15,000 to complete the permit application that starts the public comment process. Latin American Joint Venture Discussions:We have entered promising discussions with a major renewable energy developer and financier to establish one or more joint ventures in Latin America. Such joint ventures mean trading a percentage of potential regional sales and patent licensing revenues in exchange for driving up sales volume and capital investment with the help of partners who deeply understand the Latin American marketplace. Access to these and other global markets is frequently driven by local content, local economic impact, and having the right connections for project permits and capital.A good JV would provide many benefits besides additional, non-dilutive capital. The JV partners’ experience and connections should be invaluable in accelerating the number of VAWTs that are installed around the world. The February update will give you news on progress. We will also let you know what the investor thought of our updated Mission, Vision, Goals and Strategies with its section on JVs.Funding and Financing:We are currently raising capital from accredited investors with convertible promissory notes (CPN) that earn 10% interest. The notes convert with the B round but into preferred shares at the Series A4 price of $0.09. We are also accepting simple promissory notes from non-accredited investors. We have started the process of launching another crowdfunding offering in March. We were recruited by StartEngine to run a direct share offering through their platform. Through StartEngine we will directly sell preferred shares for $0.09 each with a discount for early investors. This is our back up plan if we can’t raise the capital with a lead investor and the CPNs. We need $10,000 to pay for a third-party audit of our 2023 and 2024 financials. This is required by the SEC for crowdfunding and will help us with a lead investor.Our goal for the next month is to raise $40,000 to move projects and crowdfunding forward.Tell Jen (jhoover@windharvest.com) if you would be interested in investing in the StartEngine offering. This could be the first and last opportunity for non-accredited investors to own preferred shares in Wind Harvest. Also let her know if you want to help in any way, such as amplifying our social media posts.Contact me if you are an accredited investor interested in the CPN or a non-accredited investor able to help with a short term note that you can convert into shares via StartEngine. With 2025 being our breakthrough year,Kevin WolfCEO and Co-Founderkwolf@windharvest.com