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August 28, 2008, 9:55 pm
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Farmers boost local economy with group wind project
August 4, 2008 - 8:41am — Kristin Holtz
Individual risk can be a scary prospect. But what if an entire community decided to take a leap together? More than 300 farmer-investors in southwestern Minnesota are reaping the rewards of a risk they took to keep their community’s economy viable. Minwind Energy LLC is a series of nine farmer-owned wind projects in Rock County, Minn., hatched from an idea to stimulate the community’s local economy by harnessing one of the area’s most available resources — wind.
However, landowners wanted to ensure the revenue generated from the turbines came home and not to an out-of-area private power company. “These wind projects are going to get done — either by big corporations or by producers and community groups,” Minwind member Tom Arends told a publication of the U.S. Department of Agriculture last fall. “With community ownership, it is going to keep more money circulating locally and create more jobs.” The project leaders formed a limited liability company, owned solely by 66 local farmer-investors who quickly embraced the Minwind plan. In 2002, the first two wind projects, Minwind I and II, were completed, each consisting of two 950-kilowatt turbines. Today, Minwind generates more than 11 megawatts of power, which is sold to Alliant Energy and Xcel Energy. A one-megawatt turbine can produce enough energy to serve up to 300 homes for a year. Read the complete story in the July 31 Independent Review print edition.
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