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).

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Renewable NRG_id1934