The
deal,
subject
to
several
approvals,
includes
near-term
projects
in
Hawaii
and
Utah,
and
large
projects
in
California
--
where
Western
Wind
has
the
majority
of
its
operating
projects
--
as
well
as
in
other
"niche
markets
with
strong
renewable
portfolio
standards
and
power
purchase
agreement
pricing".
Vancouver,
Canada-based
Western
Wind
would
issue
the
eight
million
shares
to
Champlin/GEI
Wind
Holdings
(CGEI)
with
an
imputed
value
of
$2.50
per
share
for
the
project
pipeline.
The
company's
shares
closed
trading
Tuesday
on
the
Toronto
Stock
Exchange
at
C$1.58
($1.57).
CGEI
chief
executive…
