Murphy International Development Corporation

 

Company Name: Murphy International Development Corporation

URL: http://murphyintldev.com

Founded: 1984

Annual Revenue: .5 to >2M

Exchange: n/a

Emailwire ID: douglas murphy

Number of Employees: n/a

Symbol: n/a

Categories:

 

Company Overview

Murphy International Development Corporation (MIDC) services independent power producers and developers of renewable and conventional plants including; wind, biomass, hydroelectric, geothermal, CHP, cogeneration and alternative fuels projects.

Focus is on North and Latin American opportunities and prefers early stage Greenfield investment, preferring to work only with management teams with proven records. It also serves equipment related manufacturers and suppliers and affiliated projects with financing. MIDC manages direct renewables investments for a variety of institutional and corporate clients. Particular funds include; leasing pools and tax managed equity funds for institutional investors seeking long-term direct investments in the energy industry. The firm forms and manages joint ventures through which it invests its own funds in conjunction with those of institutional, utility, and corporate investment partners.

Investment sizes range from distributed generation portfolios to utility scale projects -- $50,000 to $100 million. MIDC develops, builds, and operates electric-generating facilities fueled primarily by wind and clean renewable resources, such as geothermal. MIDC integrated the technical and financial knowledge gained by working on projects for hundreds of clients and started to build a development base. Through lowering operating costs, economies of scale, best-in-class technology, and integrating landowner participation on acquired properties. MIDC now has a varied development base in several states for successful build-out. Since itís founding, MIDC has leveraged their technical, financial, and hands-on field knowledge to develop geothermal plants in Nevada and new wind farms in Texas, Oregon, Idaho, Utah, and Washington all states with the highest wind production capabilities.