GE and Plutonic again defer purchase of Dokie Ridge wind farm

GE Energy Financial Services and Plutonic Power have again asked a Canadian bankruptcy court for more time to decide whether to buy the Dokie Ridge wind farm in British Columbia province.

The companies now want the deadline pushed back to 4 September. Previous deadlines were 5 August and 6 July.

"While significant positive progress continues to be made in addressing key matters, the partners require additional time to complete the remaining due-diligence and required contract negotiations," the companies said in a joint statement. Among other things, negotiations continue over a sales price.

Dokie Ridge, the largest wind farm under construction in British Columbia, is owned by EarthFirst Canada. The company had previously obtained court-ordered protection from its creditors under Canada's Companies' Creditors Arrangement Act.

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