The investment is part of a €20m fund raising round which was led by AtlasInvest, an investment company based in
EWT is a Dutch-based manufacturer and supplier of wind turbines and turnkey wind parks. It specialises in the development and manufacture of advanced, direct-drive (gearless) wind turbines.
EWT was established in 2004 by the acquisition of the intellectual property of Dutch wind turbines manufacturer Lagerwey. The company’s product portfolio consists of 750KW and 900KW series wind turbines. EWT is also developing larger wind turbines for onshore and offshore applications.
Nick Pople, director of Ludgate Investments, LEF’s investment adviser said: ‘Wind energy is currently one of the fastest growing renewable energy segments. Twenty four per cent of new power generating capacity built in
Gerry Van der Sluys CEO of EWT added: ‘This financing creates a very solid basis for the execution of our strongly growing order book. It is a major step in the next phase of our development.’