in News Departments > FYI
print the content item

Creststreet Kettles Hill Windpower LP (the partnership) has entered into a purchase and sale agreement with ENMAX Green Power Inc. to sell all of the shares of Kettles Hill Wind Energy Inc. (KHWEI) to ENMAX. ENMAX will also purchase the outstanding subordinated notes issued by KHWEI and all interest on such notes.

The purchase price for the shares, subordinated notes and the interest on such notes, and assumption of KHWEI debt is $163 million and is subject to working-capital adjustments. As soon as practical after completion of the sale of KHWEI, scheduled for May, the partnership will be dissolved and its net assets distributed to limited partners on a pro rata basis. It is expected that on dissolution of the partnership, the net proceeds to be distributed to limited partners will be in the range of C$8.75 and C$9.20 per unit.


Trachte Inc._id1770
Latest Top Stories

Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965
UnitedEquip_id1995