Daily News: April 8, 2013

Investors Provide $6.5MM Credit Facility for XZERES

XZERES, a manufacturer of small wind-powered, distributed energy turbines and other renewable energy products, said it obtained a new $6.5 million credit facility.

Renewable Power Resources, comprised of a group of strategic investors with strong interest in distributed renewable power generation, provided the credit facility to support XZERES’ 2013 near term and strategic growth objectives.

According to XZERES CEO, Frank Greco, “Renewable Power Resources offers a wide array of interests and relationships in areas such as agriculture, commercial/industrial real estate, and other unique global industrial markets, something we look forward to leveraging in an effort to further the added values to the company’s growth opportunities.”