Clear Wind Renewable Power Inc. has executed a purchase agreement for four wind energy projects with a total planned capacity of 320 MW from Chermac Energy Corp., an Oklahoma-based independent energy company. The four wind projects are at various stages of development.
‘We have been looking to acquire wind projects for a considerable period of time now,’ says Matt McCabe of Clear Wind. ‘When we began discussions with Chermac on these projects last year, we were confident we had found a good set of projects and the right team with which to partner on completion of development.’
Chermac was advised by NorthWinds Advisors of Harrison, N.Y., on the transaction.