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Friday, November 5, 2010

Companies in the Wind Power Industry Going Public

Development stage company WildCap Energy Inc. filed a Form S-1 on November 5 for the resale of common stock by selling shareholders (SEC file no. 333-170377).  WildCap seeks to commercialize technology developed at the University of Arizona for vertical axis wind turbines using active flow control.  The option agreement signed on 1/10/10 by the company and The Arizona Board of Regents is filed as Exhibit 10.1.  The parties are presently negotiating a license agreement that will be subject to any rights of the U.S. Government to utilize the technology royalty free.

First Wind Holdings Inc. has been in registration for an initial public offering since July 2008.  The independent wind energy company focuses on development and operation of utility-scale wind energy projects in the United States.  First Wind set the price range for its underwritten $200 million IPO in the S-1 Amendment filed on 10/13/10 (file no. 333-152671).  The Registration Statement was declared effective and the shares approved for listing on the Nasdaq Global Select Market as of October 27. 

China Ming Yang Wind Power Group Limited completed its $350 million IPO on October 4 with American Depositary Shares trading on the NYSE under the symbol "MY" (file no. 333-169256).  The manufacturer of megawatt-class wind turbines is incorporated in the Cayman Islands and is the largest non-state owned or controlled wind turbine manufacturer in China.  China Ming Yang filed a Form 6-K on 10/13/10 to discuss the results of a national bidding process for four offshore wind farm concession projects in China.

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