GENIVAR Income Fund Acquires Phoenix Engineering

NAW Staff, Thursday 07 February 2008 - 01:00:00

The GENIVAR Income Fund has acquired Phoenix Engineering Inc., a Canada-based wind power consulting firm with offices in Calgary and Montreal. As a result, GENIVAR adds 40 wind power specialists and establishes itself in Calgary.

Phoenix has over 20 years' experience in the areas of wind resource monitoring and assessment and wind farm design. The firm provides consulting services to owners and lenders, who collectively operate over 80% of the installed wind power capacity in western Canada and nearly 40% throughout the country.

"We will offer cutting-edge data management expertise backed by WindServer technology, meteorological tower installation, performance testing, project due diligence, feasibility analysis and development coordination, as well as providing detailed engineering and environmental services to our clients across North America," says Pierre Shoiry, GENIVAR's president and CEO.



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