VAYU Clean Power Reserve Launches $Billion+ Clean Power Fund to Support Community Redevelopment of Regional Wind Farms

 Jim Kiles and Keenan Hale, Managing Directors of the VAYU Clean Power Reserve (“VAYU”), announced the availability of “Community Tax Equity” financing, targeting over 70GW of additional clean power from the redevelopment of existing, underperforming onshore wind farms across the United States. This financing initiative aims to infuse billions in community development dollars into participating regional communities.

This announcement signifies the launch of VAYU financing, enabled by the Inflation Reduction Act of 2022 (“IRA”). VAYU Community Tax Equity aims to bring substantial capital to communities that embrace clean power. Central to VAYU's investments are the advancements in technology, including the application of artificial intelligence to wind farms, a breakthrough pioneered and patented by a team led by Kiles.

“We are moving swiftly to support communities across the U.S. as they transition to clean power,” explained Hale. “We have identified a U.S. wind farm redevelopment capacity of 70GW and anticipate similar advancements and needs in solar and decarbonized/electrified natural gas through 2030.”

“We are thrilled to launch VAYU Community Tax Equity financing to bolster U.S. onshore wind farm capacity and assist communities in their rebuilding efforts,” added Kiles. “Our goal is to collaborate with communities nationwide, driving breakthroughs in all clean power categories.”

VAYU | https://www.vayuai.com/