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