T. Boone Pickens`s Investment Commentary - Tracking Pickens`s Media Appearances And Market Commentary
Wednesday, October 17, 2012
T. Boone Pickens sells interest in Goodhue County wind project
Source: twincities.com
The Dallas-based company owned by oil and natural gas billionaire T. Boone Pickens says it has sold its interest in a controversial wind development in Goodhue County.
American Wind Alliance (AWA), a subsidiary of Pickens' Mesa Power Co., sold its interest in the AWA Goodhue Wind Project to Peter J. Mastic, who formed a limited liability corporation in Nevada and renamed the project the New Era Wind Farm, according to AWA and filings with the Minnesota Public Utilities Commission.
Terms of the deal were not disclosed.
Some Goodhue County residents opposed the proposed 78-megawatt wind farm because they feared it would harm the area's bald eagles.
Mastic was the developer of the project until his development company was sold to an Indian wind energy developer in December.
Mesa Power sold the project because it is "redeploying its wind development efforts," company spokesman Jay Rosser said.
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