Minnesota, United States [RenewableEnergyWorld.com] High Country Energy, LLC and Wisconsin Public Service Corporation (WPSC) announced that WPSC has signed a letter of intent to acquire a 150-megawatt (MW) share of the 300-MW High Country wind project.
National Wind, LLC partnered with the communities near the project site to form and capitalize High Country Energy, LLC in 2007. This sale to WPSC is only one part of High Country Energy’s project portfolio, which will include additional phases of the project that are in development. These additional phases are expected to be developed and financed by High Country.
This development and sale of the first phase of the High Country Energy project is a very positive opportunity for our local community,” said Patrick Pelstring, co-chair of National Wind. “We are excited to work with a successful and respected utility such as WPSC on this project. A sale of a portion of this project helps diversify High Country Energy’s income stream and adds to the overall scale of the project, making it more competitive. The majority of the proceeds from the sale will remain within the community.”