in News Departments > FYI
print the content item

Shear Wind Inc., a Halifax, Nova Scotia-headquartered renewable energy developer, has signed a letter of intent to acquire Vindt Resources Inc., a wind energy project developer based in Calgary, Alberta.

According to the companies, a formal agreement will be entered into on Jan. 15, 2007, setting out the terms and conditions of the transaction. Shear Wind and Vindt expect the agreement will be finalized at the end of January, although it is subject to a number of conditions, including approval from Vindt's shareholders.

Once the acquisition is finalized, Shear Wind's potential wind farm development opportunities will encompass land resources of over 70,000 acres. In September 2006, the two companies established a joint venture to develop the Coyote Ridge Wind Park Project located outside Lethbridge, Alberta (click here to view story).


Helukabel_id1908
Latest Top Stories

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.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

WomenofWind_id
JLG_id1900
UEA_id1896
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886