2009-06-03 19:47:05 -
Little Rock Wind, LLC : 
, along with its managing partner, National Wind, LLC : , announce today the closing of its asset purchase agreement with community-owned wind project Big Stone Wind, LLC. The assets acquired include development capital, land rights, an 80 meter meteorological tower and historical wind data, and various in-progress development assets. Little Rock
Wind, LLC is a community wind energy company formed by National Wind, LLC and 9 local landowners and business people :
. The Company expects to utilize these assets in the ongoing development of its 150 megawatt community wind project(s) in Big Stone County :
.
"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. 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."
"We are very pleased with this transaction," says Bill Smeaton, National Wind's senior developer of the Little Rock Wind project. "Not only does this deal contribute valuable development assets, but Little Rock also gains a great group of investors, landowners and enthusiastic supporters of community wind energy. I'm excited to be working with this group and look forward to delivering important environmental and financial benefits to the whole Big Stone community."
Little Rock Wind marks National Wind's 7th large-scale community-owned wind farm development in Minnesota. National Wind is known for a business model that enables the community to keep a large portion of a project's profits. Another key component of National Wind's model :
is that it incorporates landowner representation in the form of a local advisory board.
Our local office is located at 890 Pine Ave., Ortonville, Minnesota. Visit www.littlerockwind.com :
for additional project updates.
About National Wind, LLC :
.
National Wind is the leader in developing utility-scale (50 megawatts or larger) community wind energy projects. We form powerful community wind energy partnerships with property owners, assuring that the project’s economic benefits are shared with the surrounding community. National Wind and its subsidiary, Wind Energy Developers, LLC, have participated in developing 13 wind energy projects and currently have over 4,000 megawatts in development. National Wind projects are located in Minnesota, Iowa, North Dakota, South Dakota, Colorado and Ohio. The company has an additional 1,500 megawatts of wind energy in advanced feasibility study stages and is continually exploring expansion opportunities in other states. Please visit www.nationalwind.com :
for more information.
About Little Rock Wind, LLC :
.
Little Rock Wind is a community-based wind development company located in Big Stone County, Minnesota that intends to develop up to 150 megawatts or more of wind-turbine-based renewable energy. The company’s mission is to produce wind energy projects that are sustainable, generational and environmentally responsible and to assure a significant portion of the development proceeds stay in the community. For more information, please visit www.littlerockwind.com :
.
National Wind Erin
Edholm, Director of Communications : mailto:eedholm@nationalwind.com National
Wind, LLC :
Phone: 612-746-6646
