in News Departments > FYI
print the content item

Irvine, Calif.-based Composite Technology Corporation (CTC), a developer and manufacturer of composite materials, has executed a Share Exchange Agreement with shareholders of EU Energy PLC - representing at least 95% of the issued and outstanding shares of EU Energy - which allows the acquisition of 100% of EU Energy. EU Energy owns 100% of the issued and outstanding capital stock of a group of companies that own the rights to produce and sell the DeWind range of wind energy generation turbines worldwide.

Under the terms of the agreement, the EU Energy shareholders have agreed to transfer all of their shares in EU Energy to CTC.

Michael Porter, chief executive officer of EU Energy, will be appointed as the president of CTC, while Benton H. Wilcoxon will remain as chief executive officer of CTC following completion of the acquisition.


Trachte Inc._id1770
Latest Top Stories

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.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Future Energy_id2008