Commitment to Community Development
Root River Energy, LLC will follow National Wind’s approach to wind energy development, which is different than more traditional wind energy developers. The fundamental distinction is that we create opportunities that provide local community members with the opportunity to participate as owners of the project. We believe that the local community and landowners should share in both the turbine leases and the revenues from a successful wind energy project.
A Minnesota C-BED Project
The Community-Based Energy Development (C-BED) Tariff is a public policy instituted by the Minnesota legislature in 2005 to promote more locally owned wind energy facilities within the states. This statute permits utilities to pay for a higher rate of power during the first ten years in exchange for a lower rate during the second ten years. This improves the cash flow of community wind projects, helping landowners afford financing. To be considered as a C-BED project in Minnesota, a limited liability company must be formed of entirely Minnesota residents with at least 51 percent of the total economic benefits over the life of the project going to the qualifying owners.
