in News Departments > FYI
print the content item

Airtricity Inc., an international renewable energy company, has entered into an agreement to acquire Gale Force Energy, a Toronto-based wind farm developer. Acquiring Gale Force Energy will enable Airtricity to enter into the Canadian market.

"I am very pleased to announce the acquisition of Gale Force Energy (GFE), given its reach in Canada - a key market for us - and the advanced stage of many of its more than 30 development projects in eight provinces," says Eddie O'Connor, Airtricity's chief executive officer and founder.

According to GFE, the company will take advantage of Airticity's inventory of more than 500 MW turbines with a locked-in price for future projects. Under the terms of the agreement, the senior management and development team of GFE will remain in place, and the company's head office will stay in Toronto.

"We are the same company we were yesterday," says Greg Coleman, GFE's founder and chief executive officer, "the difference is we now have the resources and expertise to help get these projects across the finish line faster and in a more cost-effective way."


Trachte Inc._id1770
Latest Top Stories

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.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965