Wind Energy America, Inc. (WNEA.OB) develops and operates wind energy products. The company focuses on projects in the Great Plains and the Midwest regions, which are known for their commercially viable wind speeds and wind constancy.
Wind Energy America owns a developer’s stake and minimal interest in three wind farms; Shaokatan Hills LLC., Lakota Ridge LLC., and CHI Energy, which together contain 79 modern wind turbines for a total rated capacity of 53.5 megawatts and a collective generation of about 160 million kilowatt hours of electricity each year. The company also owns a 3% equity interest in Averill Wind LLC., which is a 10MW wind farm near Fargo, North Dakota.
Wind Energy America acquired additional property and development rights owned by Boreal Energy, Inc. The property and development rights are for wind farm projects located in the upper Midwest and the Great Plains regions.
Strong interest in clean energy options has increased with the growing concern caused by high oil prices and greenhouse gas emissions. Wind energy provides an inexpensive and easily deployed energy source. The wind energy market is anticipated to reach $51.1 billion by 2015, a substantial increase from the $11.8 billion in 2005.
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