Algonquin
Power
Company
(APCo)
also
increased
its
interest
50MW
Sandy
Ridge
Wind
Project
based
in
Pennsylvania
to
60%
from
58.75%.
APCo
says
the
deals
represent
a
$238m
investment.
The
company
will
cover
most
of
that
amount
as
follows:
$123m
in
proceeds
from
the
recent
$150m
senior
unsecured
private
placement
bond
offering
that
closed
on
3
December,
and
$70m
received
from
the
recent
preferred
share
offering
that
closed
on
9
November.
Minonk,
which
achieved
commercial
operation
this
month,
is
comprised
of
100
Gamesa
G9X-2.0
MW
wind
turbines
and
has
a
10-year
power
sales
contract
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