AIMCo to acquire 49 pct stake in Alberta wind projects
Alberta Investment Management Corp (AIMCo) has agreed to acquire a 49 percent interest in two Pincher Creek, Alberta wind energy projects through a partnership with the U.S. affiliate of Italy's Enel SpA. AIMCo will acquire the stake in Castle Rock Ridge II Wind Farm, a 30.6 megawatt expansion of a facility owned by Enel, and Riverview Wind Farm, a 115 megawatt greenfield project adjacent to the former site. No financial terms were disclosed. Project construction and commercial operation are expected in 2019. Enel's U.S. affiliate will retain majority ownership of the wind projects and manage them with the deal's close.
8 February 2018•4 mins read
