in News Departments > Projects & Contracts
print the content item

Renewable Energy Developers Inc. (RED) has completed the acquisition of four contracted Ontario wind projects, representing a gross capacity of 50 MW, from affiliates of Wind Works Power Corp. (WWPC).

RED and an undisclosed financial partner provided secured loans to the projects during 2012. RED has co-developed the projects for the past 14 months with WWPC and has submitted all projects for Renewable Energy Approvals in 2013. RED says it and its financial partner will each hold a 50% ownership interest in the projects once they are completed and will equally fund the project construction costs in 2014.

“I am very pleased to complete this transaction and increase our contracted development pipeline of projects,” says Jeff Jenner, president and CEO of RED. “With the strength of our financial partner and the proposed arrangement with Capstone Infrastructure, these development projects will be fully supported as they move into construction and operation.”

RED, formerly Sprott Power Corp., entered into a definitive agreement for Capstone Infrastructure Corp. to acquire the company in July. That transaction is subject to shareholder approval.





Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Canwea_id1984
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032
Renewable NRG_id1934