in News Departments > New & Noteworthy
print the content item

Renewable Energy Generation Limited (REG), a U.K.-based corporation with wind projects in Poland and the U.K., recently announced its acquisition of AIM PowerGen Corp., a Canadian wind developer. The strategic acquisition will give AIM access to capital markets that are critical to take advantage of opportunities in the fast growing Canadian wind energy marketplace, the companies say.

"AIM is one of the most successful wind developers in Canada and we are thrilled that they have accepted REG's offer to work with us to develop our international business," says REG Chairman Mike Liston. "With the experienced development team at AIM combined with the support of the REG team in both the U.K. and Canada, we expect to be at the forefront as Canada develops its huge wind resources."

AIM is a private Canadian windfarm developer, founded in 2001 and based in Toronto, Ontario. The company already has over 2,600 MW of Canadian wind projects in various stages of development in the provinces of Ontario, Manitoba, Saskatchewan, Alberta, Newfoundland, Labrador and Prince Edward Island.

Under the terms of the agreement, REG will acquire AIM for C$29.1million. AIM will continue to operate under its current name in Canada and AIM's senior management team, including its President and CEO, Mike Crawley, will continue in their current roles.


Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


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.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008
UnitedEquip_id1995