New York City, March 4, 2010 — OwnEnergy and Horn Wind completed development of a 51 MW wind power project in Texas.
OwnEnergy and Horn Wind developed the project as a joint venture and have subsequently sold a majority stake in the project to a global renewable energy company.
The Windthorst-1 wind power project is located near Windthorst, Texas, just outside of Greater Dallas, in the ERCOT North Zone.
The project was developed in keeping with the central tenets of community wind: local ownership, increased local jobs, and greater involvement, control and financial upside for members of the community.
OwnEnergy's strategy is to co-own and operate its projects in conjunction with local partners and this commitment was maintained through the sale of the asset as OwnEnergy and Horn Wind retain a long-term interest in the project.
OwnEnergy is a development platform for community wind in the U.S. The company is enabling the shift towards smaller-scale, locally-owned renewable energy projects by leveraging its resources, networks and industry expertise to guide and support local entrepreneurs through the complex process of project development. OwnEnergy and its partners have 24 projects under development across 12 U.S. states.
Horn Wind is a regional developer located near Dallas, Texas. The company is currently developing five wind projects in the ERCOT North Zone. Horn Wind was established in 2006 in an effort to work with our local landowners and communities to bring wind development to our local area. As a regional developer, Horn Wind manages the early-stages of the development processes and then partners with community friendly companies like OwnEnergy to complete late-stage development and construction of the projects.
