in News Departments
print the content item

Toronto-based SkyPower Wind Energy Fund has entered into a definitive purchase agreement to sell its Terrawinds wind energy project near Riviere-du-Loup, Quebec, and related assets to SkyPower Corp., for approximately C$77.2 million in cash, net of the assumption by SkyPower of the existing debt of approximately C$211 million and certain other liabilities of Terrawinds.

A special committee of independent directors of SkyPower's general partner, SkyPower I GP Inc., reviewed and considered the terms of the purchase agreement with the advice and assistance of its legal and financial advisors. Credit Suisse Securities acted as financial advisor to the SkyPower.

In October, SkyPower entered into a nonbinding letter of intent to sell Terrawinds.


Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Future Energy_id2008