Wind Energy America Inc. (OTCBB: WNEA) - << View >>
Wind Energy America Inc. (OTCBB: WNEA) develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms: Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present, WNEA owns a developer's stake and a minimal interest producing negligible cash flow in these wind farms. In 2010, however, the
Company's ownership stake converts to an 80 percent equity interest. The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company has acquired a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.
During 2008, WNEA acquired wind power assets owned by Boreal Energy Inc. which include property and development rights to numerous wind farm projects in the upper Midwest and Great Plains, including Iowa, Minnesota, North and South Dakota, Montana, Wisconsin and southern Ontario, Canada. Through this acquisition, WNEA gained ownership interests in development stage wind energy projects representing approximately 1,200 MW of additional generating capacity. These projects are located in areas of North America, well-suited for wind turbine installations.
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