TodayEco.com

31 May '12, 12pm

#Renewable #energy : A Gust of #Wind Industry Mergers @reworld #IBM @IBMSmartrEnergy

On May 15th, Western Wind Energy (TSXV:WND, OTC:WNDEF) signed a deal to acquire the entire 4,000-MW wind energy development pipeline of private Champlin/GEI Wind Holdings, with near term projects in Hawaii and Utah. On May 18th, Alterra Power (TSX:AXY, OTC:MGMXF) continued its quest to become a major global renewable energy developer and producer, and announced a deal to buy four sites in British Colombia from private sellers led by English Bay Ltd. Alterra estimates the early-stage sites have the potential for generating capacity over 1,000 MW. Preserving Cash A large part of the reason wind development projects are changing hands is access to cash. Financing for wind projects has become much harder to come by. If you can’t get financing to develop your project, it makes more sense to sell it to someone who can. Western Wind should soon receive a $90 million cash grant fr...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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