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First US Intrastate Wind Project Public Offering
Minneapolis MN (SPX) Jun 17, 2008 High Country Energy, along with its manager National Wind, have announced the nation's first intrastate public offering of a wind project's securities. Delphi Financial is the placement agent for the offering. High Country Energy plans to build over 300 megawatts of community-owned wind farms in Dodge, Olmsted and Mower Counties, Minnesota. 'This offering can be made available to interested investors throughout the state of Minnesota, however it was very important to all of us in High Country to ensure that landowners within the project footprint have the first opportunity to invest," says Barry Rogne, Chairman of the High Country Energy board of advisors. '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 invesent 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 invesent opportunities to a greater number of people, as long as they are residents of Minnesota," says Ryan Pelstring, Vice President of Capital Markets, Delphi Financial Corp. Shared ownership is an important part of High Country Energy's community-based development model. Ownership can provide more benefits than the standard turbine lease arrangements offered by traditional wind farm developers. 'By providing this investment opportunity for area landowners, we hope potential benefits from High Country Energy's projects permeate the local community more deeply and further our goals for community ownership," says Mark Lucas, Vice President of National Wind, and Project Lead for High Country Energy. In addition to area landowners and those already involved in the project, this offering is open to any Minnesota resident who meets investor suitability requirements. Sales of securities are made only through Delphi Financial Corp. and only after interested investors have received and reviewed a prospectus. Interested investors can obtain more information at www.delphifinancial.com. Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links National Wind Powering The World in the 21st Century at Energy-Daily.com
BroadStar Achieves Breakthrough In Low-Cost Energy Production With New Generation Wind Turbine
Houston TX (SPX) Jun 09, 2008Renewable energy from the wind, which previously could only be generated in restricted geographic locations - typically off-shore or in remote rural areas - can now be made available almost anywhere, including urban environments, with the introduction of the AeroCam wind turbine. |
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