in News Departments
print the content item

Toronto-based SkyPower Wind Energy Fund has entered into a definitive purchase agreement to sell its Terrawinds wind energy project near Riviere-du-Loup, Quebec, and related assets to SkyPower Corp., for approximately C$77.2 million in cash, net of the assumption by SkyPower of the existing debt of approximately C$211 million and certain other liabilities of Terrawinds.

A special committee of independent directors of SkyPower's general partner, SkyPower I GP Inc., reviewed and considered the terms of the purchase agreement with the advice and assistance of its legal and financial advisors. Credit Suisse Securities acted as financial advisor to the SkyPower.

In October, SkyPower entered into a nonbinding letter of intent to sell Terrawinds.

IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

JLG_id1900
WomenofWind_id
Acciona_id1907
UEA_id1896
bonfiglioli_id1913
AWEA_id1886