Capstone Completes Acquisition Of Renewable Energy Developers

NAW Staff, Tuesday 01 October 2013 - 12:29:02

Capstone Infrastructure Corp. has acquired all of the issued and outstanding common shares of Renewable Energy Developers Inc. (RED). RED, formerly Sprott Power Corp., is now a subsidiary of Capstone.

In July, Capstone initially announced that it had entered into a definitive agreement with RED, but the deal was subject to shareholder approval. RED and an "undisclosed financial partner" recently acquired four contracted Ontario wind projects, representing a gross capacity of 50 MW, from affiliates of Wind Works Power Corp.












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