Minneapolis, Minnesota [RenewableEnergyAccess.com] National Wind, LLC has announced its partnership with a local Minnesota community to form and capitalize High Country Energy, LLC. When completed, it will be the largest community-owned (C-BED) wind energy project in Minnesota and in the country.
Minnesota has created incentives to promote community-based energy developments through the New Generation Energy Act of 2007. The High Country Energy project is expected to qualify for C-BED status, meaning it is owned by Minnesota residents and that 51 percent of the profits are returned to the Minnesota community members over the life of the project.
The New Generation Energy Act of 2007 has required utilities to commit to allocating space on the grid for 1200 MW of C-BED projects by 2025. The wind farm will also be utilized to help meet Minnesota’s mandate for 25 percent of its electricity to come from renewable resources by 2025.
“We are grateful to the community for their strong local support of this project and to the local landowners who have decided to partner with us,” said Pat Pelstring, co-founder and chairperson of National Wind. “This is a ground-breaking community-owned project because it compares in size to some of the nation’s largest utility projects.”