North American Windpower: National Wind Acquired By Indian Wind Energy Developer

National Wind Acquired By Indian Wind Energy Developer

by NAW Staff Thursday September 27 2012

Minnesota-based National Wind LLC has announced that it has been acquired by Indian wind energy developer Trishe Wind Energy Inc.

The acquisition occurred in December 2011. When asked why it waited so long to make the announcement, the company said the following:

"National Wind and Trishe, as part of the acquisition process, extensively engaged with all stakeholders, including community members, in projects where National Wind had a stake," National Wind told NAW. “As such, with one private company acquiring another private company it was deemed not necessary to issue a press release.”

National Wind says that under its new ownership, it will continue to develop community-partnered wind projects in the U.S.

However, the company adds that its development agreement with American Wind Alliance (the equity owners of AWA Goodhue) with respect to the Goodhue wind project - a 78 MW wind farm proposed for Goodhue County, Minn. - has been terminated.

National Wind also notes that its CEO, Peter Mastic, left the company in August and that Vivek Mittal, president of both Trishe Wind Energy and National Wind, is serving as the acting CEO of National Wind.

Latest Top Stories

Post-FIT Decision, Turbine OEMs Mull Over Options For Ontario Wind Energy Market

Under political pressure, the Ontario government recently pulled the plug on its landmark feed-in tariff (FIT) program for large-scale renewable energy projects, leaving provincial suppliers and manufacturers with an uncertain future.

Continent's First Grid-Connected Offshore Wind Turbine Floats In Maine Waters

Billed as a historic day for offshore wind in North America, researchers flipped the switch on a floating prototype. This marks the first electrons from an offshore wind turbine to flow into the region's grid.

Raising The Discourse: How Wind Industry Can Help Avoid 'Climate Emergency'

Larry Schweiger, the president/CEO at the National Wildlife Federation, says the wind industry is an important ally to combat global warming, which is triggering dangerous and unprecedented weather events around the world.

The Numbers Don't Lie: U.S. Utilities Continue To Embrace Wind Energy

Last year, more than 40% of U.S. utilities reported having wind energy on their systems, proving the fact that utilities continue to integrate wind in growing numbers – and, in some cases, at unprecedented levels.

BOEM To Award Mass., R.I. Offshore Wind Leases; Pre-Qualifies Nine Developers

In July, the Bureau of Ocean Energy Management will auction nearly 165,000 acres off the coasts of Rhode Island and Massachusetts to facilitate offshore wind development.