in News Departments > New & Noteworthy
print the content item

Creststreet Power & Income Fund has entered into an agreement with an affiliate of FPL Energy LLC to sell all of the shares of the partnership's two operating subsidiaries - Mount Copper Wind Power Energy Inc. at 54 MW and Pubnico Point Wind Farm Inc. at 30.6 MW - for $121.6 million. After completion of the sale of the subsidiaries, the partnership will distribute its net assets to unitholders on a pro rata basis, and ultimately, the partnership will be wound up.

Net proceeds to be distributed to unitholders are estimated at $6.63 per unit. The actual distribution amount will depend on a number of factors, including the proceeds received by the partnership with respect to its C$35.9 million aggregate principal investment in subordinated notes of Kettles Hill Wind Energy Inc., for which the proceeds are estimated to be C$49.7 million.



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.

Canwea_id1984
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032
Renewable NRG_id1934