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.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

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.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Canwea_id1984
Renewable NRG_id1934