Crownbutte was established in 1999 and installed the first utility-scale wind power facility in the Dakotas at Chamberlain, South Dakota. Crownbutte later sold this wind park to one of the largest power cooperatives in the United States. Crownbutte currently has a pipeline of wind farm projects in various phases of development throughout the Dakotas and Montana.
Further information concerning NACEL’s Crownbutte transaction will be provided to shareholders and interested investors over the coming weeks.
NACEL Energy is one of the first publicly traded companies in America exclusively developing clean, renewable, utility scale wind energy. The Company currently anticipates generating an aggregate 130 megawatts of new wind power upon the commissioning of its Snowflake project in Arizona, in addition to Leila Lake, Hedley Pointe, Swisher, Channing Flats and Blue Creek, all located in the Texas Panhandle. NACEL Energy was founded in 2006 and successfully completed its IPO in December of 2007.