Navitas Energy, Inc. · Minneapolis, MN United States
Company Description
Phone: 612-370-1061
Fax: 612-370-9005
View Navitas Energy, Inc. Locations On A US Map
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This link will open in a new window Navitas Energy develops, owns, and operates wind energy projects in 11 US Midwestern states. The company sells power produced at its facilities to public, municipal, and cooperative electric utilities looking to provide green energy solutions to consumers. Navitas Energy provides financing, engineering, product selection, construction management, and maintenance services. It has wind power facilities with a combined capacity of more than 1,040 MW of energy and a further 1,500 MW under development. Spanish wind turbine manufacturer Gamesa Corporacion Tecnologica controls Navitas Energy, which was founded in 2001 by former CEO Gregory Jaunich. To read the full description, subscribe now.
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Key Navitas Energy, Inc. Financials
| Company Type | Private Single Location |
| Fiscal Year-End | December |
| Employees | 11 |
Navitas Energy, Inc. Executives
7 executives listed for Navitas Energy, Inc.'s Minneapolis, MN location.
| Title | Name & Bio | Contact |
| Director Development, Midwest | Wanda Davies | Network |
| Senior Wind Source Engineer | Chris Nuckols | Network |
| Office Manager | Becky Zwilling | Network |
Competition
Competitive Landscape for Navitas Energy, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Navitas Energy, Inc. Competitors
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