October 4th, 2008
Wind: A sound investment in unsound times?
The first intra-state public offering associated with the development of community-backed wind farms in Dodge, Olmsted and Mower counties in Minnesota has been completed in just four months.
The project managers, National Wind and High Country Energy, reported this week that the offering pulled in 60 Minnesota investors, who will reap the rewards (and the risks) of the utility-scale projects being worked on in those locations.
National Wind will look to institutional investors to handle additional financing. The figures cited as a carrot by the National Wind folks are pretty compelling: They believe the industry will grow from 16,800 megawatts installed in 2007 to 49,000 in 2015. Let’s hope the money needed to drive these projects doesn’t disappear with the financial market turmoil.
Heather Clancy is an award-winning business journalist in the New York area with more than 20 years experience covering the high-tech industry. See her full profile and disclosure of her industry affiliations. See her full profile and disclosure of her industry affiliations.
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