National Wind to Expand Community-Owned Projects

National Wind, LLC announced that it has received a private equity investment from Harmony Equity Income Fund, a South Dakota fund managed by McGowan Capital Group. Details of the agreement were not disclosed but National Wind has the confirmed the investment is more than $1 million and will be used to expand National Wind’s community wind development efforts in South Dakota.

In the past six months, National Wind has announced two large community wind projects, a 300-megawatt (MW) development in Minnesota, called High Country Energy, LLC, and a 280-MW development in North Dakota, called M-Power, LLC. The company currently has 2000 MW of wind power in development.

“This investment allows us to devote a significant amount of our resources to promote community-owned wind projects in South Dakota,” said Leon Steinberg, CEO of Na¬≠tional Wind. “We expect to launch several sizable South Dakota wind projects in the near future. Our projects allow the community to retain most of the economic benefit, with a higher probability of overall success than traditional developer-owned projects.”
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