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Nevada Firm Buys Texas Wind Energy Development Project
Nevada Firm Buys Texas Wind Energy Development Project | Here Enterprises, Cycle Ranch, ABS Land, sanant_txbz,

Texas Business reports:  A Las Vegas-based company bought a Texas wind firm, officials announced.

Here Enterprises Inc., a developer of wind energy, acquired its first wind energy development project.

The acquisition of Cycle Ranch Inc. of Texas was completed early this year, and the Nevada company is developing a wind farm on the Cycle Ranch site in conjunction with its operating commercial motocross speedway business.

“The strategy of Here Enterprises is to co-locate wind energy facilities with commercial businesses in order to generate cash flow from the production of clean energy as well as from the businesses operating onsite’ said Here chief executive Mark Ryun in a prepared statement.  “The acquisition of Cycle Ranch is a significant accomplishment for our company and we are extremely pleased to have identified and secured this project.”

Here Enterprises entered into an agreement to become the sole shareholder of ABS Land Company, Inc. and Cycle Ranch, Inc., and the owner of 99 percent limited partnership interest of Cycle Ranch Management, Ltd., making them wholly-owned subsidiaries of the company.

The newly acquired subsidiaries now referred to as Cycle Ranch Inc., own and operate the land and business of Cycle Ranch Motocross Park, one of the top five motocross tracks in the nation.

Cycle Ranch is located near Floresville.  Here Enterprises plans to develop a wind farm on the property which hosts an established motocross speedway each week.

 Here Enterprises is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy.