This transaction brings Greengate’s total consideration for Halkirk I to C$33m ($33.7m) in cash, following Edmonton-based independent power producer Capital Power's initial purchase of a 50% interest. The companies announced the joint venture last December.
Halkirk is a construction-ready wind project planned for private land in Central Alberta.
The deal also terminates an option Capital Power retained to purchase a one-third stake in Greengate’s 300MW Blackspring Ridge I project.
Greengate chief executive Dan Balaban says the Halkirk transaction, along with a private placement closed in April that raised gross proceeds of C$14.3m,
