ABB_id2059
in News Departments > New & Noteworthy
print the content item

Minneapolis-based Wind Energy America Inc. (WNEA) entered into a letter of intent (LOI) to effect a business combination with Boreal Energy Inc. WNEA intends to purchase substantially all of Boreal's wind energy assets in a tax-free exchange for WNEA common stock. Terms of the LOI provide for WNEA to exchange up to 30 million common shares for Boreal's assets, depending upon their value to be determined through a due diligence process now being undertaken prior to the parties entering into a binding definitive business combination agreement.

Boreal is a wind farm developer, owner and operator based in Minnesota that owns or controls significant interests and rights to an extensive pipeline of wind energy projects in the upper Great Plains, the Midwest and Canada.

The Boreal pipeline of projects includes approximately 60 MW in various phases of design or development plus an additional 1,200 MW being planned for future development.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015