Clear Wind Renewable Power to Acquire Four Wind Projects
Posted on: Monday, 14 April 2008, 06:00 CDT
Clear Wind Renewable Power has signed a purchase agreement to acquire four wind energy projects with a total planned capacity of 320MW from Chermac Energy. The four wind projects are at various stages of development.
Jaime McAlpine, president of Chermac Energy, said: "At Chermac, we are pleased that Clear Wind offered capital and, more importantly, the opportunity to become a long-term partner in the projects."
Matt McCabe of Clear Wind said: "When we began discussions with Chermac on these projects last year, we were confident we had found a good set of projects and the right team with which to partner on completion of development.
"In addition, unlike many other structures that we have reviewed, the acquisition structure employed here aligns our interests and Chermac's over the long term."
Source: Datamonitor
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