in News Departments > FYI
print the content item

Wind Energy America Inc. has entered into a letter of intent (LOI) to purchase the developer's stake in four wind farms owned by Northern Alternative Energy Inc., a Minneapolis-based corporation.

According to the companies, the wind farms are located on Buffalo Ridge in southwest Minnesota, have a combined nameplate rating of 55 MW and collectively produce approximately 170 million kWh of electricity per year. Wind power produced from these wind farms is sold to Northern States Power/Xcel Energy under long-term power purchase agreements.

"In conjunction with our other current and planned investments, this acquisition will represent a major step toward our primary strategic plan of building a profitable portfolio of wind power assets," says Robert Williams, Wind Energy America's chair.


Trachte Inc._id1770
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

UEA_id1896
WomenofWind_id
JLG_id1900
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886