Wind Harvest

Wind Harvest's Crowdfunding Offering Closes on Feb. 25. Over $1M committed.

founder @ Wind Harvest

Published on Feb 2, 2021

Dear Wind Harvest Investors and Friends,

We have much good news to share. The most immediate update is that we are taking advantage of the new SEC Reg. C rules that start on March 15. These will allow startup companies to raise $5 million in a 12-month period from non-accredited investors, an increase from the $1.07M allowed now. We are "pausing" our crowdfunding/506c round on Thursday Feb. 25 with a goal of raising $1.5M by then. We will reopen it a month or so later with a new offering for $5M minus what we raise by 2/25.

1. In the next round, the equity share in Wind Harvest will drop from 640 shares per $100 invested to 320 shares. With $1.5M raised, the risks of bringing the Wind Harvester turbine through the Pilot Project and Certification steps and beginning sales in 2021 are much lower.

2. At least one-third of the money Wind Harvest raises from the new offering will be invested in Joint Venture syndicates to develop renewable energy projects that buy our turbines. New WHPP note holders will have Wind Harvest shares and the resulting projects' annual income as collateral for their promissory notes.

3. Raising $3.5M after this "pause" will be easier when people can see the video feed from v3.1 operating at the UL Advanced Wind Turbine Testing Facility late this spring. We can build a budget that expands on the $1.5M already raised and hire more personnel and invest in additional programs and projects as money comes in.

4. Knowing we have capital allows us to make financial commitments and effectively move forward in many important ways. For example, we are happy to announce that:

  • Gabriel Salas, who comes highly recommended by people we trust, is helping Wind Harvest’s management team with his immense and diverse experience in all aspects of renewable energy development and finance.
  • We will be exhibiting at the Clean Power Association (AWEA) annual event in June in Indianapolis.
  • We are paying $58,000 to PG&E to conduct an Independent Study on adding 6 MWs of solar, 2 MWs of Wind Harvesters, and 8 MWhs of battery storage to our Solano project, a necessary step to bring this project to fruition.

Our new goal of raising $1.5M by February 25th is closer than it appears because $250,000 from a family fund has been committed but is not yet added to the almost $800,000 already raised. With a little help from Fear Of Missing Out, we will achieve this objective in the next few weeks.

We are fortunate to be well positioned to take advantage of the new crowdfunding rules. The additional $2M in loans we can raise will enable faster growth and development. We will make excellent use of the opportunity.

Thank you all for your help and support.

Christine Nielson

President, Wind Harvest Pilot Project

Board member, Wind Harvest International

[email protected]

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