Geronimo Energy, a privately held company based in Edina, is buying wind energy projects developed by Midwest Wind Energy of Chicago, the Pioneer Press reports.
The company said the acquisition will increase its presence in the Nebraska and Wisconsin markets and brings it into the Illinois market for the first time.
“Midwest Wind Energy has shown its ability to develop viable wind projects while exhibiting the same dedication that we have towards helping rural communities, so this was a nice fit for both of our organizations,” Blake Nixon, president of Geronimo Energy, said in a news release. “The Midwest projects complement our portfolio very well and the employees that are joining our company will bring valuable perspective to our team.”
The Business Journal notes Geronimo also has a long-term deal to sell electricity to Minneapolis-based Xcel Energy Inc.