in News Departments > Projects & Contracts
print the content item

Eden Prairie, Minn.-based energy company Wind Energy America (WNEA) has entered into a definitive asset purchase agreement to acquire the assets of Vadnais Heights, Minn.-based wind developer Boreal Energy in a tax-free exchange for WNEA common stock.

According to the company, Boreal assets being purchased by WNEA in this transaction include Boreal's interests and development rights to all its wind energy projects, certain wind turbine equipment and other assets related to wind farms and projects on Buffalo Ridge in southwestern Minnesota.

The Boreal pipeline includes approximately 1,200 MW in various phases of design or development, located in the upper Great Plains, Midwest and Canada.

The transaction is expected to be reviewed and submitted to WNEA's board of directors and shareholders for approval by January 2008, according to the company.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


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.

BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Renewable NRG_id1934