Southwest Windpower (SWWP) has completed a $8 million Series-B equity investment led by RockPort Capital Partners, a venture capital firm. CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures and existing shareholder Altira Technology Fund IV LP also participated in the financing.

This funding follows two years of solid growth by Southwest Windpower, as sales of small wind generators have increased 50 percent per year for the past two years.

“The possibilities created by this capital boost enable us to grow and increase production of small wind energy systems all over the world,” said Frank Greco, CEO of Southwest Windpower. “We have our sights set on continuing to broaden our portfolio with industry-leading products that are grounded in a mission to make renewable energy simple.”

The capital will support SWWP’s efforts to launch a new, lower cost, residential wind technology later this year. It is anticipated that this new technology will make it significantly cheaper, by up to 60 percent, to produce wind energy on a residential scale.

© 2005 Webcom Communications Corp.