HOUSTON, TX – March 31, 2014 — Rockland Capital, LLC (“Rockland”) owner of Lakeswind Power Partners, LLC (“Lakeswind”), announced today that commercial operations have begun at its 49.9MW wind facility near Rollag, Minnesota. Construction of the project took approximately eight months and was led by Wanzek Construction.
General Electric’s wind services team has started on-site and is providing full-time operations and maintenance services for the project, which is comprised of thirty-two General Electric wind turbines.
The project will sell 100% of its power output under 20-year contracts to a consortium of municipalities in Wisconsin and Michigan. Lakeswind also will qualify for the Federal Production Tax Credit.
“We are excited to announce that the Lakeswind Project is complete and fully operational. Our counterparties and asset management team did a fantastic job getting the project through construction to commercial operations, particularly considering the harsh winter in Minnesota this year. Rockland looks forward to continuing success at the project as we transition to operations.” said Shane Litts, Partner of Rockland Capital.
About Rockland Capital
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector. The firm manages Rockland Power Partners II, Rockland Power Partners and Rockland Capital Energy Investments and has offices in Houston and New York. For further information visit www.rocklandcapital.com.