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,
