Canadian wind developer up for sale

200MW=$560M

 

Western Wind Energy puts itself up for sale

31.07.2012: The board of directors and the CEO of Canada-based renewable energy company Western Wind Energy Corp. have decided to put the company and all of its assets up for sale, effective immediately. The company, which owns wind and solar projects in California, Arizona and Puerto Rico, will select two mergers and acquisitions advisory firms within the next month to manage and administer the sale process. The company expects to be worth approximately $560 million at the time of sale. Western Wind Energy owns three wind power plants in California with a combined capacity of 159.5 MW and a 10.5 MW integrated wind and solar facility in Arizona. The company is also developing a 30 MW photovoltaic project in Puerto Rico that is due to come online in March 2013. The $150 million Yabucoa solar project has a 20-year power purchase agreement with the Puerto Rico Electric Power Authority (PREPA). … Source: Western Wind Energy Corp.; Summary: PHOTON http://www.westernwindenergy.com http://www.westernwindenergy.com/s/News_Releases.asp?ReportID=539526&_ Type=News-Releases&_Title=Western-Wind-to-Sell-Entire-Company-and-Asse ts The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/68197.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com