Suzlon plans EverPower Big Sky sale

Indian wind group Suzlon plans to take control of the 240MW Big Sky wind farm in the US from bankrupt Edison Mission Energy (EME) – then immediately sell it on to developer EverPower, Recharge has learned.

The plan is revealed in an application from all three parties to the US Federal Energy Regulatory Commission (FERC) asking the federal body to approve the two-stage transaction under an expedited process concluding before 5 March.

That is the date on which Suzlon hopes to conclude part one of the deal, and take over ownership of the Illinois wind farm from the bankrupt EME.

The submission to FERC continues: “Shortly thereafter, but within 120 days, under the second part of the transaction, Suzlon will sell and EverPower will acquire the membership Log in to read complete article.

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