ABB_id2059
in News Departments > FYI
print the content item

Dakota Wind Energy LLC, a South Dakota community-owned wind development company, has announced an intrastate public offering of its securities. This offering is only open to South Dakota resident landowners who grant wind-related rights to Dakota Wind Energy. Dakota Wind Energy plans to develop over 750 MW of community-owned wind farms in Roberts, Marshall and Day counties.

All South Dakota landowners that reside within the project's footprint may receive ownership units in Dakota Wind Energy. Landowners who grant wind-related rights to Dakota Wind Energy can receive either a traditional cash payment or units in Dakota Wind Energy through this offering.

"Shared ownership is what makes Dakota Wind Energy different from traditional wind developers," says Mark Lucas, vice president of National Wind. "Most other developers do not offer ownership; they only provide turbine lease agreements. In our wind developments, even if landowners do not end up with a wind turbine on their property, they still have the opportunity to own a part of Dakota Wind Energy."

The number of units offered to each resident landowner depends on the amount of acres subject to the wind easement granted by the landowner.

SOURCE: Dakota Wind Energy LLC



Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015