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