in News Departments > FYI
print the content item

Ventus Energy Inc., a developer of Canadian wind farm projects, has recently secured a $29 million debenture financing from Toronto, Ontario-based Wellington Financial Fund III, a privately-held specialty finance firm, to complete the construction of two wind farm projects based in Prince Edward Island. Current Ventus investors Good Energies Investment BV and VentureLink Group of Funds joined Wellington Financial on this round of financing, while Goodmans LLP and Cassels Brock acted as legal advisors.

According to Wellington Financial, once they are complete the two wind farms are expected to produce approximately 30 MW of power, which is enough electricty to power almost half of the households in Kingston, Ontario, for example.

With this new transaction, Ventus has raised over $65 million to fund the development of the projects that are expected to be completed by summer 2007. Ventus has already secured all turbines, environmental permits and power purchase agreements required to proceed with production.


Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Canwea_id1984
Navigant_id1983
Renewable NRG_id1934