Renewable Energy Developers Acquires Ontario Wind Projects
Toronto-based Renewable Energy Developers Inc. (TSX: RDZ) (TSX: RDZ.DB), a developer, owner and operator of renewable energy projects, has acquired four Ontario wind projects, representing gross capacity of 50 megawatts, from Ottawa's Wind Works Power Corp. The company and a financial partner provided secured loans to the projects in 2012, and are expected to share ownership once they are completed. Last month, Renewable Energy Developers agreed to be bought by Capstone Infrastructure Corp. for approximately $70 million in cash and stock.
24 August 2013•3 mins read
