RENEW Energy Acquires Wind Farm Interests

Sioux Falls, S.D. April 29, 2016 – RENEW Energy, Inc. (RENEW), along with a local investment group, has acquired the operating interests in 7 Suzlon S-64 1.25 MW wind turbines located in Lincoln County Minnesota.  Lincoln County is located in southwest Minnesota and the turbines have been in service since 2006.  Lincoln Heights Wind Holdings, LLC is the special purpose company that will own and operate the project going forward.

RENEW’s CFO, Gary R. Fish, commented, “We are extremely happy to be involved in this transaction and in supporting the local investment group.  RENEW’s strong operating experience is a great fit with the local investors to own and operate this project and to maximize its value going forward.  As the production tax credits mature on the older projects, we see this as a favorable model that will allow for a new ownership structure to emerge.”

The project is located approximately 10 miles from RENEW’s Tyler, MN service center, making it very cost effective for RENEW to provide the operations and maintenance services.  Asset management for the project will be provided through RENEW’s 24/7 Control Center, based out of headquarters in Sioux Falls, SD.  RENEW will also integrate its deep drivetrain expertise into its services to extend the life of this project.  RENEW’s President, Jim Mikel, commented, “We look forward to managing these assets with a long-term vision and maximizing their value. We feel we are uniquely positioned to support these older assets as they mature with our strong portfolio of services from blades to gearboxes to 24/7 monitoring.”

The local investment group is led by Development Services Inc.’s (DSI) Vince Robinson and Wayne Hesse, the original developer.  Conrad Schardin, a local investor, is the President of Lincoln Heights Wind Holdings, LLC.  DSI’s Vince Robinson commented, “We are pleased to complete this transaction and believe we have put together a strong team to operate this project maximizing value for our investors. Our current plans are to return funds to our investors beginning in 2017. ”

About RENEW Energy, Inc. 

RENEW Energy, Inc., founded in 2009 by wind energy industry veterans and backed by private equity investors, has matured into an employee-owned, industry leader based in the Midwest, with a national footprint. The company offers a wide variety of specializations, including Construction & Field Services, Specialty Field Services, Gearbox Services, Infield/Up Tower Repairs, Remanufacturing, Operations & Maintenance, Asset Management, Supply Chain Services, Control Center Services, Composite/Blade Services, Mobile Oil Change Services, and Solar. RENEW staff is experienced, fully trained and familiar with each major wind turbine manufacturer, past and present. For more information, go to

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RENEW Energy, Inc. Purchases Broadwind Energy’s Wind Turbine Services Business

Sioux Falls, S.D. December 14, 2015 – RENEW Energy, Inc., today completed the purchase of the majority of the assets of Broadwind Energy Inc.’s (NASDAQ:BWEN) wind turbine services division. The acquisition, which is RENEW Energy’s third in the past 12 months, adds Howard, S.D. and Abilene, Tex. to the company’s service locations along with approximately 35 employees. With approximately 175 employees in seven locations throughout the United States, RENEW Energy has grown into one of the largest service providers in the growing wind turbine industry.

RENEW Energy President Jim Mikel stated, “We are excited to welcome the former Broadwind employees to the RENEW family and look forward to serving a new portfolio of customers that comes with the transaction. This transaction adds two full load test stands to our drivetrain capabilities. We added a kilowatt full load test stand that will remain located in Howard, S.D. and a 3 megawatt full load test stand currently located in Abilene, Tex. that we intend to move to our Sioux Falls, S.D. location in early 2016. It also doubles our blade repair and gearbox oil change capabilities and expands our service footprint with the Abilene location which allows us to better serve our customers in the southwest region with our expanding service portfolio.”

RENEW Energy CFO Gary Fish commented, “RENEW is uniquely positioned to add significant value to these assets and we now expect our 2016 sales to top $40 million. This is our largest acquisition to date and third acquisition over the last 12 months as we continue to grow our service footprint and related platform. The combination of our internal growth and recent acquisitions demonstrates our commitment to serve the wind industry.”

Sioux Falls based Great Western Bancorp Inc. (NYSE:GWB) provided acquisition financing to RENEW for this transaction and the Minneapolis law firm of Fredrikson and Byron, P.A. provided legal counsel for the transaction.

About RENEW Energy, Inc.  RENEW Energy, Inc., founded in 2009 by wind energy industry veterans and backed by private equity investors, has matured into an employee-owned, industry leader based in the Midwest, with a national footprint. The company offers a wide variety of specializations, including Construction & Field Services, Operations & Maintenance, Asset Management, Gearbox Services, Infield/Up Tower Repairs, Specialty Field Services, Remanufacturing, Mobile Oil Change Services, Composite/Blade Services and Supply Chain Services. RENEW staff is experienced, fully trained and familiar with each major wind turbine manufacturer, past and present.


Sioux Falls, SD – October 8, 2014 – RENEW Energy Maintenance has been awarded the winner of the Meritorious Award for outstanding safety performance. The South Dakota Safety Council and the Governor’s office

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partnered to recognize excellence in safety through the Governor’s Safety Awards. RENEW Energy Maintenance was recognized at the twenty-second annual Governor’s Safety Awards Luncheon, where they honored South Dakota’s “best of the best” employers for their outstanding safety efforts. Applicants were judged on their comprehensive safety program, and their injury data, as it compared with state and national statistics. Steve Tolrud, RENEW Safety Coordinator, and John Hovland, RENEW Technical Trainer, also received mention for attaining their Workplace Safety Certificates from the South Dakota Safety Council and the South Dakota Department of Labor. There were just twelve individuals to graduate from the 2014 class. “This accomplishment reflects our company-wide commitment to the safety of our employees and customers. We greatly appreciate our employee’s dedication to safety in the workplace; it’s an honor to have this dedication recognized by such reputable offices. I would like to thank the South Dakota Safety Council, the Governor’s office and the RENEW team.”Jim Mikel, President – RENEW Energy Maintenance

The South Dakota Safety Council, a chapter of the National Safety Council, is a private, not-for-profit organization, established in 1949 to help employers and workers, families and communities reduce unintentional injuries (“accidents”).

Mock Emergency Drill – September 24, 2014

Press Release – Emergency Drill (Clark) MOCK EMERGENCY DRILL AT 80 METERS Clark, SD – On Wednesday, September 24, 2014, Oak

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Tree Wind Farm will be the scene of a mock exercise to test the emergency management plans of Clark County (SD), should a real crisis occur. The event, which is being staged by RENEW Energy Maintenance and Clark County, will focus on emergency response plans, capabilities, communication and procedures pertaining to on-site safety. The scenario for the September 24 drill involves a Wind Technician becoming unconscious while working 80 meters up-tower. The Wind Technician will be lowered to local responding teams below. All parties will act as if this were a true medical emergency. This full scale drill is being conducted in collaboration with multiple partner agencies including: Avera St. Luke’s CareFlight, Clark Fire Department, Clark Ambulance, Clark County Sheriff’s Office, Clark County Emergency Management, Bradley and Raymond Emergency Services and RENEW Energy Maintenance. The goal of this exercise is to provide realistic training for emergency management personnel, increase operational effectiveness and ensure the best outcome in case of a real emergency. “The safety of our technicians and responding units is paramount. We conduct these simulated drills to increase safety awareness and better prepare responses in the event of a real emergency.” – Steve Tolrud, RENEW Energy Maintenance Safety Coordinator. RENEW Energy Maintenance is a Midwest based turbine service company. Our management team proudly has 70+ years of wind turbine experience, with over 75 technicians. Our technicians have developed a diversified skill set and are capable of recognizing safe, cost effective solutions to optimize turbine performance.

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Editors and producers note: This event will include excellent visuals for online, print and broadcast TV, as well as private interviews (by appointment only). If you would like more information about this topic, including directions to site, please contact Sarah Bunde at 605-275-966 or email me at

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