Developer Western Wind wants to sell itself to US major

Vancouver-based developer Western Wind Energy is putting itself up for sale – blaming “self-serving” stock market traders that it claims have inflicted “suffering” on its shareholders.

The Canada-based company operates 165MW of wind and solar capacity in the US states of California and Arizona.

It is also developing the 30MW Yabucoa PV project in Puerto Rico, for which it has a 20-year power purchase deal.

Western Wind is targeting large US energy companies and utilities as potential purchasers

The company plans to close financing and start construction at Yabucoa before a sale is completed, which Western Wind says will add $160m to its balance sheet, bringing it to about $560m.

Yabucoa is one of three “milestones” named by Western Wind to Log in to read complete article.

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