in News Departments > FYI
print the content item

Irvine, Calif.-based Composite Technology Corporation (CTC), a developer and manufacturer of composite materials, has executed a Share Exchange Agreement with shareholders of EU Energy PLC - representing at least 95% of the issued and outstanding shares of EU Energy - which allows the acquisition of 100% of EU Energy. EU Energy owns 100% of the issued and outstanding capital stock of a group of companies that own the rights to produce and sell the DeWind range of wind energy generation turbines worldwide.

Under the terms of the agreement, the EU Energy shareholders have agreed to transfer all of their shares in EU Energy to CTC.

Michael Porter, chief executive officer of EU Energy, will be appointed as the president of CTC, while Benton H. Wilcoxon will remain as chief executive officer of CTC following completion of the acquisition.

IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

WomenofWind_id
JLG_id1900
UEA_id1896
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886