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.


Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


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.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008