Minneapolis-based High Country Energy LLC, along with its manager, National Wind LLC, have announced the nation's first intrastate public offering of a wind project's securities. Delphi Financial Corp., an investment banking firm specializing in raising capital for community-based renewable energy projects, is the placement agent for the offering. High Country Energy plans to build over 300 MW of community-owned wind farms in Dodge, Olmsted and Mower counties in Minnesota.
‘In comparison to a private placement offering, which is typical in the renewable energy industry, this intrastate public offering will allow us to offer investment opportunities to a greater number of people,’ says Ryan Pelstring, vice president of capital markets at Delphi Financial. ‘All investors must be Minnesota residents and meet investor suitability requirements.’
Sales of securities are made only through Delphi Financial and only after interested investors have received and reviewed a prospectus.
SOURCE: National Wind LLC