Little Rock Wind Acquires Big Stone assets

From Energy Current
Wednesday, June 3rd, 2009

ORTONVILLE, MINN: Little Rock Wind, LLC and its managing partner, National Wind, LLC, have closed an asset purchase agreement with community-owned wind project Big Stone Wind, LLC. The assets acquired include development capital, land rights, a meteorological tower and historical wind data and various in-progress development assets.

Little Rock Wind is a community wind energy company formed by National Wind, LLC and nine local landowners and business people. The Company expects to utilize these assets in the ongoing development of 150 MW community wind projects in Big Stone County.

"We want to develop a wind project for Big Stone County in which the community is the 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. Because Little Rock Wind's community development philosophy is aligned with Big Stone Wind's, we are excited to now be working together to help landowners harvest the wind, and bring this needed income into our local economy.

Little Rock Wind marks National Wind's seventh large-scale community-owned wind farm development in Minnesota.

Energy Current, 2009