Former President Bill Clinton and leaders from six Sioux Indian Tribes have unveiled a new wind power initiative that will harness South Dakota’s greatest natural resource and spur up to $3bn of long-term development into the region.
Working alongside former Senator Byron Dorgan, the tribes aim to generate between 1GW and 2GW of power annually.
‘Having served as chairman of the US Senate Committee on Indian Affairs, I understand the strong desire of the Indian Tribes to build ‘Indian owned’ wind power projects to create new jobs and affordable power for their Tribes,’ said Senator Dorgan.
‘This project is a unique opportunity for the Sioux Tribes in South Dakota to chart their own destiny. They live on lands that are rich with wind resources and they can use those resources to build a large wind energy project that can both help the Tribes and produce clean, renewable power for our country for decades to come.
‘Together with my colleagues at Arent Fox, I have been honoured to work with elected leaders of the Tribes to plan this project and I am especially proud of the recognition given it today by President Clinton and the Clinton Global Initiative.’
The majority of the project’s funding will come through the sale of bonds by a Multi-Tribal Power Authority, which are expected to be made available to investors in about two years, following a critical planning and preparation stage.
For this, the Tribes have teamed up with crowdfunding platform Rally.org.
Copyright © 2013 NewNet
You must be logged in to post a comment.