Lakeswind Power Partners Constructing Wind Facility in Minnesota
HOUSTON, TX – August 20, 2013 — Rockland Capital, LLC (“Rockland”) owner of Lakeswind Power Partners, LLC (“Lakeswind”), is constructing a 49.9 MW wind facility in Rollag, Minnesota, approximately 30 miles east of Fargo, North Dakota. Once completed, Lakeswind will sell a majority of its power under a 20‑year contract with the Wisconsin municipal joint action agency Great Lakes Utilities (“GLU”).
Construction began at the project site in July, and Rockland expects Lakeswind to reach commercial operations in the first quarter of 2014. Lakeswind will utilize thirty-two 1.5 MW General Electric wind turbines and is being constructed by Wanzek Construction, based in Fargo, North Dakota. The project will qualify for Federal Tax Credits once complete.
“Lakeswind is an exciting opportunity for Rockland to invest in a fully contracted wind project with strong counterparties. This project would never have happened without the support and cooperation of GLU, which has committed to 81% or approximately 40 MW of the project,” said Shane Litts, Partner of Rockland Capital.
“Participating in the Lakeswind project is a great opportunity for Great Lakes Utilities and its members,” said Jem Brown, Chairperson of GLU. “We are purchasing clean, renewable energy at a competitive long-term, fixed rate, which is critical in today’s energy markets.”
About Rockland Capital
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector. The firm manages Rockland Power Partners and Rockland Capital Energy Investments and has offices in Houston and New York. For further information visit www.rocklandcapital.com.