Schneider Power closes acquisition of Grand Valley Wind Farms
Toronto, ON — Schneider Power Inc. announced June 3rd that it has completed its acquisition of Ontario-based Grand Valley Wind Farms Inc. from EarthFirst Canada Inc., in partnership with Lands End Corporation, the original developer of the project. The Grand Valley Wind Farms hold three Ontario RESOP contracts for a total of 22 Megawatts of fully-permitted capacity, with an additional 28 MW of capacity anticipated to be developed under the new Ontario Feed-in Tariff Program. Schneider Power holds a 66 per cent ownership in the joint venture with Lands End Corporation retaining a 34 per cent interest.
Schneider Power Inc. has a portfolio in excess of 1,000 MW clean electricity generation development projects and advanced exploration projects located across two continents.
June 5, 2009 By Newswire
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