Eden, SD (PRWEB) October 30, 2008
Dakota Wind Energy, along with its manager, National Wind, announces today an intrastate public investment offering of its securities. This offering, open to South Dakota residents only, provides an opportunity to invest and own units in Dakota Wind Energy. Dakota Wind Energy plans to develop up to 750 megawatts (MW) of community-based wind projects located in Day, Roberts, and Marshall Counties, South Dakota.
Delphi Financial Corp., a Minneapolis-based investment firm and affiliate of National Wind, has joined with Financial Partners, an Aberdeen, South Dakota-based investment firm, to work as the broker-dealers for the offering.
"We are excited to work on this project with a local investment firm that is well-connected with South Dakota communities," says Ryan Pelstring, V.P. of Capital Markets for Delphi Financial Corp. "This offering represents an investment in South Dakota's renewable-energy future, helping keep the revenue of wind energy local and within the state."
Since 2001, Financial Partners has worked on energy investment projects across the United States and the U.K. Mark Hahler and Jon Mesmer are the founders of Financial Partners.
"Through this investment offering, we are raising funds for locally-owned wind projects that will benefit the communities we live in," says Hahler. "We feel it's a great strategy and one that facilitates many positive local connections."
South Dakota residents will have the chance to learn more about this investment opportunity by attending meetings across the state over the next month. Meetings will be held in Eden, Aberdeen, Sisseton, Milbank, and Watertown.
Dakota Wind Energy also has an on-going intrastate public "land" offering, available to community members within the project's footprint. Separate from the intrastate public investment offering, this opportunity gives community members the option to lease their land to Dakota Wind Energy in exchange for units in the company.
"There is strong interest from local landowners in our community-owned wind farm development model," says Curtis Samson, chairman of Dakota Wind Energy's board of advisors. "We now have nearly 60,000 acres leased for Dakota Wind Energy's development, 80 percent of the land needed to build the project. Now, the investment offering gives even more local, South-Dakotans a chance to participate in a development that helps make our state and country more energy-independent."
This offering is open only to South Dakota residents who meet investor suitability requirements. Sales of securities will only be made by Delphi Financial Corp. and Financial Partners after interested investors have received and reviewed a prospectus. Please contact Delphi Financial Corp. at 612-746-6679 or Financial Partners at 605-725-2550 for more information. Interested investors can obtain more information and request a prospectus at http://www.delphifinancial.com.
Forward-Looking Statements: This press release "contains forward looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section21E of the United States Securities Exchange Act of 1934, as amended. You can identify these statements by the fact that they do not relate strictly to historical or current facts and may be flagged by words such as "expect," "potential," "intend," "hope" and similar words. Forward-looking statements in this release generally relate to the anticipated profit and benefits from community-owned projects. Forward-looking statements are beyond the ability of Dakota Wind Energy, LLC and National Wind, LLC, to control and, in many cases, these companies cannot predict what factors would cause actual results to differ materially from those indicated by forward-looking statements.
About Dakota Wind Energy, LLC:
Dakota Wind Energy is a community-owned wind farm development company located in Roberts, Marshall, and Day counties, South Dakota. Our company exists to develop and produce over 750 megawatts of wind energy projects which are sustainable, generational and environmentally responsible. The company's financial commitment is to assure a majority of the development proceeds are shared with the surrounding community. Please visit the Dakota Wind Energy Website for more information.
About National Wind, LLC:
National Wind, LLC, is a developer of utility scale (50 megawatts or more) community wind energy projects. We form community wind energy partnerships with property owners, assuring that a project's economic benefits are shared with the community. National Wind and its subsidiary, Wind Energy Developers, LLC, have participated in developing 15 wind energy projects and currently have over 4,000 megawatts in development. National Wind's projects are located in Minnesota, Iowa, North Dakota, South Dakota and Colorado with expansion opportunities in other states. Please visit the National Wind Website for more information.
About Delphi Financial Corp.:
Delphi Financial Corp. is a Minneapolis-based investment banking firm focused on raising capital for early to development stage businesses in the Midwest. Delphi Financial has an 18-year track-record of successfully raising capital for a wide array of companies, both private and public. Given management expertise in renewable energy, particularly community wind development, Delphi Financial is focused on raising debt and equity capital for companies in this growing industry. The company is actively looking for opportunities to raise capital for and, in some cases, assist in the development of community-owned wind projects in the Midwest. For more information, please visit the Delphi Financial Website.