06/16/2008
USA - High Country Energy and National Wind announce the Nation's first intrastate wind project public offering
High Country Energy, LLC, along with its manager, National Wind, LLC, announce today 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, LLC plans to build over 300 megawatts of community-owned windfarms in Dodge, Olmsted and Mower Counties, Minnesota.
'This offering is available to interested investors throughout the state of Minnesota,' says Barry Rogne, Chairman of the High Country Energy board ofadvisors. 'However, it is very important to all High Country Energy members that landowners within the project footprint have the first opportunity to invest. This offering is consistent with our company's goals of sharing ownership with a large cross section of our community.'
Investing in renewable energy capacity is becoming a worldwide trend, according to the World Watch Institute. In 2007, the Institute reported 36 billion dollars of worldwide investment in wind energy alone.
'An intrastate public offering is a way the local, rural communities can become a part of this trend. 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. All investors must be Minnesota residents and meet investor suitability requirements,' says Ryan Pelstring, Vice President of Capital Markets, Delphi Financial Corp.
Sales of securities are made only through Delphi Financial Corp. and only after interested investors have received and reviewed a prospectus.
'Shared ownership is an important part of High Country Energy's community-based development model,' says Mark Lucas, Vice President of National Wind, and Project Lead for High Country Energy. 'Ownership can provide more benefits than the standard turbine lease arrangements offered by traditional wind farm developers.'
For more information, contact Trevor Sievert at trevor@windfair.net
'This offering is available to interested investors throughout the state of Minnesota,' says Barry Rogne, Chairman of the High Country Energy board ofadvisors. 'However, it is very important to all High Country Energy members that landowners within the project footprint have the first opportunity to invest. This offering is consistent with our company's goals of sharing ownership with a large cross section of our community.'
Investing in renewable energy capacity is becoming a worldwide trend, according to the World Watch Institute. In 2007, the Institute reported 36 billion dollars of worldwide investment in wind energy alone.
'An intrastate public offering is a way the local, rural communities can become a part of this trend. 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. All investors must be Minnesota residents and meet investor suitability requirements,' says Ryan Pelstring, Vice President of Capital Markets, Delphi Financial Corp.
Sales of securities are made only through Delphi Financial Corp. and only after interested investors have received and reviewed a prospectus.
'Shared ownership is an important part of High Country Energy's community-based development model,' says Mark Lucas, Vice President of National Wind, and Project Lead for High Country Energy. 'Ownership can provide more benefits than the standard turbine lease arrangements offered by traditional wind farm developers.'
For more information, contact Trevor Sievert at trevor@windfair.net
- Source:
- High Country Energy
- Author:
- Edited by Trevor Sievert, Online Editorial Journalist / Author: High Country Energy Staff
- Email:
- trevor@windfair.net
- Link:
- www.windfair.net/...
- Keywords:
- High Country Energy, wind energy, wind farm, renewable energy, wind power, wind turbine, rotorblade, offshore, onshore