Dive Summary:
- Exergy Development Group, a wind developer based out of Idaho, stands accused by Minnesota-based contractor Fagan Inc. of not paying back a $11.4 million loan, and Fagan is seeking full control of an 18-turbine project as a result.
- In addition to Fagan's lawsuit, Exergy is already facing a a $37.9 million civil suit from a Pennsylvania turbine owner over unreceived payments.
- Fagan wants a Minnesota court to hand them full control of the so-called "Big Blue Project."
From the article:
"... Fagan Inc. says it's entitled to ownership of the 18-turbine "Big Blue Project," near Blue Earth, Minn., on grounds that Exergy Development Group hasn't repaid a $11.4 million loan.
Granite Falls, Minn.-based Fagan says Exergy disputes ownership of the project, causing confusion that's threatening the entire undertaking's survival. ..."
