OwnEnergy and Horn Wind Complete Development of Windthorst-1 Wind Farm

OwnEnergy was acquired by EDF Renewables on August 22, 2015

Community Wind project to create jobs and provide clean power to over 12,000 homes

OwnEnergy and Horn Wind Complete Development of Windthorst-1 Wind Farm Community Wind project to create jobs and provide clean power to over 12,000 homes in Brooklyn, NY and Windthorst, TX, March 4, 2010 – OwnEnergy, the leading development platform for Community Wind in the United States, and Horn Wind, a Dallas, TX regional developer, announced today that they have completed development of a 51MW wind power project in Texas. OwnEnergy and Horn Wind developed the wind project as a joint venture and have subsequently sold a majority stake in the project to a global renewable energy company.

The Windthorst-1 project is strategically located near Windthorst, Texas, just outside of Greater Dallas, in the ERCOT North Zone. The wind power 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 wind energy project.

“We are pleased to announce the completion of Windthorst-1’s development,” said Jacob Susman, OwnEnergy’s CEO. “This project is a tremendous example of how OwnEnergy’s development platform can facilitate community involvement and local entrepreneurship to develop renewable power. We are fortunate to be working with terrific partners on the wind project.”

“The completion of development of Windthorst-1 is a great success for Horn Wind,” said Jimmy Horn, President of Horn Wind. “This is the first of five regional wind projects Horn Wind is developing. Moving this project to the next stage allows Horn Wind to continue to grow and to support our local landowners and communities.”

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