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Vermont Sustainable Jobs Fund


Aegis Wind LLC stays and grows in Vermont with help from VSJF Flex Fund

Aegis Wind LLC stays and grows in Vermont with help from VSJF Flex Fund

Posted on May 03, 2012


For Immediate Release: May 3, 2012

Aegis Wind LLC stays and grows in Vermont with help from VSJF Flex Fund
Funding will help company keep jobs local and build a renewable energy future

Montpelier, Vt. – The VSJF Flexible Capital Fund (the “Flex Fund”) is pleased to announce our most recent investment in Aegis Wind LLC, a community scale wind integrator based in Waitsfield, Vermont.  Aegis designs, installs, and services small scale wind turbine systems throughout the northeast.  The Flex Fund’s investment will be used to spin off the wind division of what is now Real Goods Inc. (a Colorado based solar installation company) into a new LLC - keeping 5 full time jobs in Vermont and ensuring the company can stay and grow here in the green mountain state 

As a licensed lender in Vermont, the Flex Fund is specifically targeted to support small growing businesses in Vermont’s natural resource and clean technology sectors. It is the first business-lending program in Vermont focused on providing royalty financing for growth stage businesses - and one of only two such programs of its scale in New England. With royalty financing, instead of taking a piece of ownership of the company, a lender provides debt that the company repays by sharing a piece of their revenue stream over a fixed period of time.  The Flex Fund gives business owners access to the flexible risk capital they need to grow – without having to give up an ownership stake in their company – as well as access to their peer mentoring network. 

“This Flex Fund is designed to help Vermont companies expand into new markets, reach new customers, and diversify their products,” said the Flex Fund’s President Janice St. Onge. “Aegis Wind is a mission-based company that is dedicated to providing wind sourced clean energy solutions to empower their customers – farms, municipalities, schools, businesses and other organizations - to enact real and positive change in the world.  The Aegis team has built a reputation over the last few years as a knowledgeable and trustworthy partner in providing community scale wind turbine solutions to combat rising energy prices and reduce reliance on fossil fuel.  We’re lending to one company, but our loan will have a positive impact beyond Aegis by keeping good paying jobs in Vermont, leveraging Vermont’s brand as a green economy state and moving Vermont and the region closer to a renewable energy future.” 

“We did a tremendous amount of due diligence around capitalization of Aegis and when we came around to the VSJF Flexible Capital Fund it was clear that they were by far the best choice.  The value comes from not only the perspective of retaining company ownership and control, but also in having a professional resource to help guide us through some of the challenges of growing our business. I was especially impressed with the integrity that is clearly anchored in the Flex Fund mission and in the people at the Flex Fund. There is no question that partnering with Flex Fund allowed us to confidently move forward,” said Nils Behn, CEO of Aegis Wind LLC.


The VSJF Flexible Capital Fund, L3C is a mission-based investment fund that provides “equity-like” financing in the form or royalty and subordinated debt to targeted Vermont growth companies in sustainable agriculture and food systems, forest products, renewable energy, waste management and other green economy sectors.  We combine our money with business assistance to ensure our borrowers have the financing and support they need to stay and grow in Vermont. 

The VSJF Flexible Capital Fund is a licensed lender in the state of Vermont. Learn more at


Aegis Wind a leading community scale wind turbine integrator has installed fourteen community scale wind turbine projects throughout the eastern US. Aegis offers a full range of services consisting of industry-leading system design, project financing options, procurement and logistics, on-time and on-budget installation, multi-year warranty support, ongoing maintenance, and client technical training. Aegis is headquartered in Waitsfield, Vermont. For more information, visit


Janice St. Onge, President
VSJF Flexible Capital Fund, L3C
(802) 828-0398