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Independent Power Corp. (IPC), a wind power developer based in Mississauga, Ontario, has sold 25% of its shares to German wind developer WPD AG in order to expand its market and develop the wind power projects it has started in Ontario under the standard offer program.

Through this deal, WPD will be able to develop IPC's projects as well as expand its reach to the rest of Canada, according to the companies. WPD and IPC plan to collaborate on issues of project development, financing and management.

"We regard Canada and especially Ontario as a true future market with high potential, and IPC as the key to our mutual success," says Hartmut Brosamle, a board member of WPD.


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