Capstone Completes Acquisition Of Renewable Energy Developers

Posted by NAW Staff on October 01, 2013 No Comments
Categories : FYI

Capstone Infrastructure Corp. has acquired all of the issued and outstanding common shares of Renewable Energy Developers Inc. (RED). RED, formerly Sprott Power Corp., is now a subsidiary of Capstone.

In July, Capstone initially announced that it had entered into a definitive agreement with RED, but the deal was subject to shareholder approval. RED and an ‘undisclosed financial partner’ recently acquired four contracted Ontario wind projects, representing a gross capacity of 50 MW, from affiliates of Wind Works Power Corp.

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