Wind Energy America completes asset acquisition for windenergy-projects in the US
Minneapolis, USA - Wind Energy America Inc. announced that it has completed its asset acquisition with Boreal Energy Inc., a Minnesota corporation. As a result of the completed transaction, WNEA is in a position to generate revenue from electrical energy sales.
The assets include: 160 acres of land in Lincoln County, Minnesota, where wind turbines will be operated; the Midwest Center for Wind Energy, (MCWE) a hotel, office, and maintenance facility located where existing WNEA wind projects operate and where an additional 300 megawatts will be built; two Gamesa G-52 wind turbines, ready to be commissioned, located at the MCWE site; two Gamesa G- 80 wind turbines, ready to be commissioned, located in Osceola County, Iowa; substation and transmission facilities in Minnesota and Iowa; and the Viking Wind Energy Project, located in Martin County, Minnesota with transmission service with a nameplate capacity of up to 100 megawatts. The Viking Wind Energy project is expected to be operational by 2010.
WNEA assets include interests and development rights in many projects in the upper Midwest, including certain wind turbine equipment, and other assets related to wind farms in Iowa, Minnesota, North Dakota, Wisconsin, and southern Ontario. As a wind farm developer, WNEA controls significant interests and rights to an extensive pipeline of wind energy projects under development. The WNEA pipeline now includes approximately 1,300 megawatts in initial and various phases of design or development, 400 of which are located southwestern Minnesota, in some of the most favorable wind regimes in North America for the generation of electricity from wind turbines.
Source: IWR Online, 27 Jun 2008
