in News Departments > FYI
print the content item

Lehman Brothers and its private equity business have acquired an equity stake in SkyPower Corp., a Canada-based renewable energy company. The investment includes an up-front acquisition payment, commitments to future project financing, and investment opportunities in the renewable energy sector.

A portion of the up-front payment will be used by the Adler Renewable Energy Foundation, which will allow schools and communities in Canada the ability to benefit from clean renewable power by having solar or wind power augment or replace their current power needs.

The current SkyPower management team will continue to be responsible for and oversee all ongoing day-to-day operations as well as the strategic direction of the company.



Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Hybrid Energy Innovations 2015
Canwea_id1984
Renewable NRG_id1934