VC-Backed Greengate Sells Wind Generation Project
Calgary-based Greengate Power Corp., a developer of wind energy projects, has sold its 300 MW Blackspring Ridge wind project to Enbridge Inc. and EDF EN Canada Inc. While financial details of the acquisition were not published, the Blackspring Ridge project was said to represent the largest investment in wind energy in Alberta at approximately C$600 million. Greengate Power has been backed by venture capital firms NGEN Partners, SAM Private Equity and Westly Group since 2011.
9 April 2013•4 mins read
