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Here Enterprises Announces Acquisition of First Wind Power Development Project

Editorial Checklist

Reviewed

Dec 20 2010

Here Enterprises announced that it has purchased its first wind power development project. The company acquired the Texas-based Cycle Ranch in September 2010. At present, the company is working towards developing a wind power plant on the Cycle Ranch site.

In September, Here Enterprises had signed deals to acquire 100% of Cycle Ranch and ABS Land Company, as well as to purchase Cycle Ranch Management’s 99% limited partnership interest. All the newly purchased subsidiaries will be called as Cycle Ranch, which will operate the Cycle Ranch Motorcross Park business. Here Enterprises has plans to develop a wind power plant on the Cycle Ranch property that has an established motorcross speedway.

The CEO of Here Enterprises, Mark Ryun, said that the company’s strategy is to co-locate wind power units along with commercial business to generate cash flow by means of clean energy production and onsite business operation.

Source:

http://www.hereenterprises.com/

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