Little Rock Wind Announces Asset Purchase of Big Stone Wind

In late May 2009, Little Rock Wind, LLC closed on the asset purchase agreement with community-owned wind project Big Stone Wind, LLC. The assets acquired include development capital, land rights, an 80 meter meteorological tower and historical wind data, and various in-progress development assets. Little Rock Wind will utilize these assets in the ongoing development of its 150 megawatt community wind project(s) in Big Stone County.

“We want to develop a wind project for Big Stone County in which the community is a principal benefactor,” says Brent Olson, board member of both Big Stone Wind and Little Rock Wind’s project companies. “This transaction will assure the community wind development efforts we initiated will continue forward under Little Rock Wind’s community model. Because Little Rock Wind’s community development philosophy is aligned with Big Stone Wind’s, we are excited to now be working together to help landowners harvest the wind, and bring this needed income into our local economy.”

“We are very pleased with this transaction,” says Bill Smeaton, National Wind’s senior developer of the Little Rock Wind project. “Not only does this deal contribute valuable development assets, but Little Rock also gains a great group of investors, landowners and enthusiastic supporters of community wind energy. I’m excited to be working with this group and look forward to delivering important environmental and financial benefits to the whole Big Stone community.”