Trishe Wind Energy of India Acquire American National Wind
National Wind LLC has been acquired by Trishe Wind Energy Inc., on Sept. 26th 2012. Trishe Energy Group is based in India, but has an international reputation for the development of wind power, with more than 4,000 MW of wind capacity completed or under development in the U.S. and India.
National Wind will continue to develop community wind projects in the U.S. A development agreement between National Wind and the American Wind Alliance with respect to the 78 MW Goodhue project in Minnesota has been terminated as of the end of August.
Vivek Mittal, president of Trishe Wind Energy and National Wind, is serving as acting CEO of National Wind. He replaces Peter Mastic, who is no longer employed by National Wind.The acquisition occurred in December 2011. When asked why it waited so long to make the announcement, the company said the following:
“National Wind and Trishe, as part of the acquisition process, extensively engaged with all stakeholders, including community members, in projects where National Wind had a stake,” National Wind stated. “As such, with one private company acquiring another private company it was deemed not necessary to issue a press release.”