in News Departments > New & Noteworthy
print the content item

Renewable Energy Generation Limited (REG), a U.K.-based corporation with wind projects in Poland and the U.K., recently announced its acquisition of AIM PowerGen Corp., a Canadian wind developer. The strategic acquisition will give AIM access to capital markets that are critical to take advantage of opportunities in the fast growing Canadian wind energy marketplace, the companies say.

"AIM is one of the most successful wind developers in Canada and we are thrilled that they have accepted REG's offer to work with us to develop our international business," says REG Chairman Mike Liston. "With the experienced development team at AIM combined with the support of the REG team in both the U.K. and Canada, we expect to be at the forefront as Canada develops its huge wind resources."

AIM is a private Canadian windfarm developer, founded in 2001 and based in Toronto, Ontario. The company already has over 2,600 MW of Canadian wind projects in various stages of development in the provinces of Ontario, Manitoba, Saskatchewan, Alberta, Newfoundland, Labrador and Prince Edward Island.

Under the terms of the agreement, REG will acquire AIM for C$29.1million. AIM will continue to operate under its current name in Canada and AIM's senior management team, including its President and CEO, Mike Crawley, will continue in their current roles.


Trachte Inc._id1770
Latest Top Stories

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965