The
transaction
will
give
Emera,
parent
company
of
Nova
Scotia
Power,
a
49%
stake
in
Northeast
Wind
Partners,
which
will
own
and
operate
eight
First
Wind-developed
projects
in
Maine,
Vermont
and
New
York.
Emera
paid
$211m
for
the
ownership
stake
and
agreed
to
loan
a
Northeast
Wind
subsidiary
$150m,
to
be
repaid
in
five
years.
First
Wind
maintains
a
51%
ownership
position
and
will
serve
as
managing
partner.
First
Wind
chief
executive
Paul
Gaynor
says
the
deal
“will
allow
us
to
invest
in
new,
well-sited
and
well-run…
