High Country Energy and National Wind Announce the Nation’s First Intrastate Wind Project Public Offering

Minneapolis, Minnesota - June 12, 2008 – High Country Energy, LLC, along with its manager National Wind, LLC, announce today the nation’s first intrastate public offering of a wind project’s securities. Delphi Financial Corp., an investment banking firm specializing in raising capital for community-based renewable energy projects, is the placement agent for the offering. High Country Energy, LLC plans to build over 300 megawatts of community-owned wind farms in Dodge, Olmsted and Mower Counties, Minnesota.

“This offering can be made available to interested investors throughout the state of Minnesota, however it was very important to all of us in High Country to ensure that landowners within the project footprint have the first opportunity to invest,” says Barry Rogne, Chairman of the High Country Energy board of advisors. “This offering is consistent with our company’s goals of sharing ownership with a large cross section of our community.”

Investing in renewable energy capacity is becoming a worldwide trend, according to the World Watch Institute. In 2007, the Institute reported 36 billion dollars of worldwide investment in wind energy alone.
“An intrastate public offering is a way the local, rural communities can become a part of this trend. In comparison to a private placement offering, which is typical in the renewable energy industry, this intrastate public offering will allow us to offer investment opportunities to a greater number of people, as long as they are residents of Minnesota,” says Ryan Pelstring, Vice President of Capital Markets, Delphi Financial Corp. Shared ownership is an important part of High Country Energy’s community-based development model. Ownership can provide more benefits than the standard turbine lease arrangements offered by traditional wind farm developers.

“By providing this investment opportunity for area landowners, we hope potential benefits from High Country Energy’s projects permeate the local community more deeply and further our goals for community ownership,” says Mark Lucas, Vice President of National Wind, and Project Lead for High Country Energy.

In addition to area landowners and those already involved in the project, this offering is open to any Minnesota resident who meets investor suitability requirements. Sales of securities are made only through Delphi Financial Corp. and only after interested investors have received and reviewed a prospectus. Interested investors can obtain more information at www.delphifinancial.com.

Forward-Looking Statements: This press release "contains forward looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section21E of the United States Securities Exchange Act of 1934, as amended. You can identify these statements by the fact that they do not relate strictly to historical or current facts and may be flagged by words such as “expect,” “potential,” “intend,” “hope” and similar words. Forward-looking statements in this release generally relate to (i) High Country Energy, LLC’s ability to present the offering to more landowners and investors than a private placement offering; and (ii) the anticipated profit and benefits from community-owned projects. Forward-looking statements are beyond the ability of High Country Energy, LLC, National Wind, LLC, or Delphi Financial Corp to control and, in many cases, these companies cannot predict what factors would cause actual results to differ materially from those indicated by forward-looking statements.

About National Wind, LLC: National Wind, LLC, is the leading developer of utility scale (50 megawatts or more) community wind energy projects. We form powerful community wind energy partnerships with property owners, assuring that a project’s economic benefits are shared with the community. National Wind and its subsidiary, Wind Energy Developers, LLC, have participated in developing 15 wind energy projects and currently have over 4,000 megawatts in development. National Wind’s projects are located in Minnesota, Iowa, North Dakota and South Dakota, and the company is exploring expansion opportunities in other states. Please visit www.nationalwind.com for more information.

About High Country Energy, LLC: High Country Energy, LLC is a Community Based Energy Development (C-BED) company located in Dodge and Olmsted counties in Minnesota. Our company exists to develop and produce over 300 megawatts of wind energy projects which are sustainable, generational and environmentally responsible. The company is commited to a development model whereby a majority of the development proceeds are shared with the surrounding community. Please visit http://www.highcountryenergy.com for more information.

About Delphi Financial Corp.: Delphi Financial Corp. is a Minneapolis-based investment banking firm focused on raising capital for early to development stage businesses in the Midwest. Originally incorporated in 1990, Delphi Financial has an 18-year track-record of successfully raising capital for a wide array of companies, both private and public. Given management expertise in renewable energy, particularly community wind development, Delphi Financial is focused on raising debt and equity capital for companies in this growing industry. The company is actively looking for opportunities to raise capital for and, in some cases, assist in the development of community-owned wind projects in the Midwest. For more information, please visit www.delphifinancial.com.




urchinTracker();