Dakota Wind Energy, along with its managing partner, National Wind, has announced an intrastate public investment offering of its securities. This offering provides an opportunity to invest and own units in Dakota Wind Energy, which plans to develop up to 750 MW of community-based wind projects located in Day, Roberts and Marshall counties, S.D.
Delphi Financial Corp., a Minneapolis-based investment firm and affiliate of National Wind, has joined with Financial Partners, an Aberdeen, S.D.-based investment firm, to work as the broker-dealers for the offering.
South Dakota residents will have the chance to learn more about this investment opportunity by attending meetings across the state over the next month. Meetings will be held in Eden, Aberdeen, Sisseton, Milbank and Watertown.
Dakota Wind Energy also has an ongoing intrastate public land offering, available to community members within the project's footprint. Separate from the intrastate public investment offering, this opportunity gives community members the option to lease their land to Dakota Wind Energy in exchange for units in the company.
‘There is strong interest from local landowners in our community-owned wind farm development model,’ says Curtis Samson, chairman of Dakota Wind Energy's board of advisors. ‘We now have nearly 60,000 acres leased for Dakota Wind Energy's development, 80 percent of the land needed to build the project. Now, the investment offering gives even more local, South Dakotans a chance to participate in a development that helps make our state and country more energy independent.’
This offering is open only to South Dakota residents who meet investor suitability requirements. Sales of securities will only be made by Delphi Financial Corp. and Financial Partners after interested investors have received and reviewed a prospectus.
SOURCE: National Wind LLC