SD Wind Partners Raise $16 Million in No Time

An announcement made yesterday indicates that South Dakota Wind Partners reached its $16 million investment goal in ajust over two months.

Although their minimum offering goal was met, South Dakota Wind Partners will keep the offering open for additional investment until final costs are determined.

The group will own seven turbines adjacent to Basin Electric Power Cooperative’s 101 turbines, Prairie Winds SD1 wind project in Jerauld County in central South Dakota.

The community-based, locally owned wind project will generate 10.5 megawatts of electricity. Prairie Winds SD1 agreed to operate the group’s wind farm and buy all of the electricity it produces.