Wind Harvest

Wind Harvest Pilot Project President's Report (Nov. 23, 2020)

founder @ Wind Harvest

Published on Nov 23, 2020

Dear Existing and Potential Investors,

I am pleased to report that over $375,000 in promissory notes has been committed to Wind Harvest's subsidiary WHPP Inc. via the Wefunder crowdfunding platform. Thank you to everyone who has invested and helped make this happen!

On December 11th, in a first close, 92.5% of what is in escrow will be wired to WHPP. On Monday, December 14th, those funds will be loaned to Wind Harvest and on the 15th, a wire will be sent to Weissenborn A/S in Denmark so they can start manufacturing one Wind Harvester v3.1. This is the model that will allow us to complete the pilot project step in the technology readiness level process -TRL 7.

It is in all our interests to bring in as many investors as we can before December 11th so that we have adequate capital to advance our work (see the budget below) while we bring more people to the offering and prepare for the second close 2-3 months from now.

You can help by introducing us to any in your network who are interested in supporting companies working to reverse global warming. We are happy to talk with them or you. Use the email below to request a time to visit.

Here is additional Wind Harvest company news.

  • Our Hybrid Wind Solar Storage Project in Solano County is likely to expand from 1 MW solar, 1 MW - 15 wind turbines - and 4 MWh of storage to 5 MW of solar, 2 MWs of Wind Harvesters - 30 turbines - and 10 MWh of batteries. GridSME, the engineering company helping with the project's grid connection, believes that it is feasible to add this larger amount of energy to the PG&E 3-phase line that runs through the proposed project site. The larger the project, the easier it is to secure financing. The bigger project would also afford twice the opportunity to evaluate how Wind Harvesters affect birds of prey and how contributive the turbines can be to recharging the batteries when the wind blows at night.
    • The Simpson Ridge project near Laramie Wyoming is still on schedule for a four turbine Wind Harvester RD&D (research, development, and demonstration) installation as soon as we can provide the turbines. Clean Energy Holdings is prepared to buy those turbines from Wind Harvest so that project will not likely be funded from our Series B capital round.
    • Wind energy is heating up in Barbados with a long-awaited 10 MW wind farm of traditional large turbines going through the permitting process’ environmental and social impact analysis. This should break the bureaucratic logjam that has prevented projects like ours from securing permits and Power Purchase Agreements. Once this occurs, it will mean that things can move fast. We are confident that 2-10 turbines will be included in our first order next summer for projects on this beautiful island.

    I am also pleased to share the news that Wind Harvest shareholders just elected me to represent the Series A preferred shareholders on our Board of Directors. Cornelius Fitzgerald and Kevin Wolf will represent the Common Shareholders on what is now a three-person board. We anticipate that new members will be added when the Series B round is completed at the end of next year. I am happy to bring my experience and support of Wind Harvest's vision to help in this next year of transition and growth.

    Thank you for spreading the word and telling people about the opportunity to bring Wind Harvest's technology to the world to double the yield and energy output of 20% of the world's wind farms.

    Sincerely,

    Christine

    Christine Nielson
    President - WHPP
    Board member - Wind Harvest International Inc.
    [email protected]


    Simpson Ridge Wind Farm with full buildout of Wind Harvesters, projected for 2023.

    Wind Harvest Crowdfunding/506c Budget - $2 Million
    Updated: 19 November 2020

    Note that the total possible capital raise in this offering is $3M. This budget is focused on completing Technology Readiness Levels 7 and 8 for Wind Harvesterturbines. Capital raised above these amounts will allow Wind Harvest to move more quickly through the process, advance more projects and in general, be in a better position to negotiate a solid Series B round of capital. If less capital is raised, then expenditures such as a second v3.2 turbine will not be made. The more capital raised now, the better it is for all new investors because their risk decreases and the upside in the value of their share of Wind Harvest's equity increases.

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