in News Departments > FYI
print the content item

Shear Wind Inc., a Halifax, Nova Scotia-headquartered renewable energy developer, has signed a letter of intent to acquire Vindt Resources Inc., a wind energy project developer based in Calgary, Alberta.

According to the companies, a formal agreement will be entered into on Jan. 15, 2007, setting out the terms and conditions of the transaction. Shear Wind and Vindt expect the agreement will be finalized at the end of January, although it is subject to a number of conditions, including approval from Vindt's shareholders.

Once the acquisition is finalized, Shear Wind's potential wind farm development opportunities will encompass land resources of over 70,000 acres. In September 2006, the two companies established a joint venture to develop the Coyote Ridge Wind Park Project located outside Lethbridge, Alberta (click here to view story).


Trachte Inc._id1770
Latest Top Stories

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.


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.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
Canwea_id1984