in News Departments > New & Noteworthy
print the content item

Creststreet Power & Income Fund has entered into an agreement with an affiliate of FPL Energy LLC to sell all of the shares of the partnership's two operating subsidiaries - Mount Copper Wind Power Energy Inc. at 54 MW and Pubnico Point Wind Farm Inc. at 30.6 MW - for $121.6 million. After completion of the sale of the subsidiaries, the partnership will distribute its net assets to unitholders on a pro rata basis, and ultimately, the partnership will be wound up.

Net proceeds to be distributed to unitholders are estimated at $6.63 per unit. The actual distribution amount will depend on a number of factors, including the proceeds received by the partnership with respect to its C$35.9 million aggregate principal investment in subordinated notes of Kettles Hill Wind Energy Inc., for which the proceeds are estimated to be C$49.7 million.



Helukabel_id1908
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
UEA_id1896
Acciona_id1907
JLG_id1900
AWEA_id1886
bonfiglioli_id1913