First Wind

Boston, United States Founded: 2002 • Age: 24 yrs Acquired By SunEdison
Wind farms are developed, owned, and operated across North America.

About First Wind

First Wind is an Energy & Utilities company based in Boston (United States) founded in 2002, and was acquired by SunEdison in November 2014. Wind farms are developed, owned, and operated across North America. First Wind has raised $17.4 million across 5 funding rounds from investors including KeyBank, TerraForm Power and Madison Dearborn Partners. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include NextEra Energy and Duke Energy.

Company details

First Wind was established in 2002 as an independent wind energy firm in Boston, United States. Operations center on the development, ownership, and management of wind farms, with projects concentrated in the northeastern and western U.S. regions as well as Hawaii. The company was acquired in November 2014 by SunEdison and TerraForm Power for 2.4 billion, marking a significant consolidation in the renewable energy sector.

  • Headquarters Boston, United States
  • Stage Acquired
  • Sectors
    Energy & Utilities
  • Website firstwind.com
  • Social LinkedIn X
  • Acquired by SunEdison (Nov 2014)
Key Metrics
  • Total Equity Funding
    $17.4M (USD)

    in 5 rounds

  • Latest Funding Round
    $236M (USD), Debt – Conventional

    Mar 2012

  • Investors
    KeyBank

    & 3 more

  • Acquired by
    SunEdison

    (Nov 2014)

Funding Insights of First Wind

First Wind has successfully raised a total of $17.4M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $236 million completed in March 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $17.4M
  • Total Rounds 5
  • Last Round Debt – Conventional β€” $236M
  • Investors Count 2

All 5 funding rounds of First Wind with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2012$236MDebt – Conventional––
–
Dec 2011$210MDebt – Conventional––
–
Dec 2010$76MDebt – Conventional––
Jul 2009$17.4MSeries B––
–
Apr 2006Series A––
Valuation history

4 investors in total: 4 institutional.

Investors in First Wind

First Wind has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include KeyBank, TerraForm Power and Madison Dearborn Partners.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Private equity investments are directed toward key sectors by MDP.
mdcp.comChicago, United States
Regional bank
1849key.comCleveland, United States
Independent power producers and investors
2014terraformpower.comNew York, United States
sunedison.com
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Investor details for First Wind

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
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Timeline of First Wind

4 dated milestones of First Wind across 12 years, from founding to its latest funding, stage changes and deals.

  1. Founded First Wind is founded.
  2. Funding First funding round.
  3. Funding Latest funding round, Debt – Conventional, of $236.0M.
  4. Exit Acquired by SunEdison.

Competitors of First Wind

First Wind has 2 listed competitors in our database. They include NextEra Energy and Duke Energy.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
nexteraenergy.com1925Juno Beach, United States9,500
Developer of energy solutions
duke-energy.com1904Charlotte, United States27,037
Renewable electricity is produced and distributed across multiple states.
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Detailed competitors of First Wind

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Web traffic of First Wind

Websites that share an audience with First Wind (firstwind.com).

Similar websites

Websites whose visitors overlap most with First Wind. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
masscec.com
37%
48.4K#497,667View details

Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as First Wind (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Utility-scale renewable energy projects are developed by Enel X.
2001Boston, Massachusetts, United StatesUSD 168.67 M
Sustainable energy solutions are developed and operated worldwide.
2000Chicago, Illinois, United StatesUSD 575 M1,276
Solar energy services are provided to residential customers nationwide.
2007San Francisco, California, United StatesUSD 296.98 MUSD 2.96 B11,060
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Related news about First Wind

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Complete news archive for First Wind

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Frequently Asked Questions about First Wind

First Wind was founded in 2002 and raised its 1st funding round 4 years after it was founded.

First Wind is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.

First Wind is a funded company, having raised a total of $17.4M across 5 funding rounds to date.

First Wind was established in 2002 as an independent wind energy firm in Boston, United States. Operations center on the development, ownership, and management of wind farms, with projects concentrated in the northeastern and western U.S. regions as well as Hawaii. The company was acquired in November 2014 by SunEdison and TerraForm Power for 2.4 billion, marking a significant consolidation in the renewable energy sector.

First Wind's top competitors include NextEra Energy and Duke Energy.

First Wind has 4 investors. Key investors include KeyBank, TerraForm Power, Madison Dearborn Partners, and SunEdison.

Yes. First Wind was acquired by SunEdison in November 2014.

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