ABB_id2059
in News Departments > Projects & Contracts
print the content item

Little Rock Wind LLC, along with its managing partner, National Wind LLC, has closed its asset purchase agreement with community-owned wind project Big Stone Wind LLC in Minnesota.

The assets acquired include development capital, land rights, an 80-meter meteorological tower and historical wind data, and various in-progress development assets.

"We want to develop a wind project for Big Stone County in which the community is a principal benefactor," says Brent Olson, board member of both Big Stone Wind and Little Rock Wind's project companies. "This transaction will assure the community wind development efforts we initiated will continue forward under Little Rock Wind's community model.

Little Rock Wind is a community wind energy company formed by National Wind. The company, which is made up of nine local landowners and business people, expects to utilize these assets in the ongoing development of its 150 MW community wind project(s) in Big Stone County.

SOURCE: National Wind LLC

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

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.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015