Toronto-based equity firm Loewen Ondaatje McCutcheon will act as an advisor for the purpose of arranging purchasers for the 6 million common shares of Western Wind Energy now being held by Pacific Hydro.
Western Wind Energy currently produces 34.5 MW of renewable electrical energy from over 500 wind turbine generators located in Tehachapi (Windridge) and San Gorgonio Pass (Palm Springs), Calif.
Western Wind Energy also has over 155 MW of expansion power sales agreements with the associated projects in the late stages of development. In addition, Western Wind Energy has a credible pipeline of over 1,300 MW of site locations in California.
According to the company, Western Wind Energy has executed or acquired over $1 billion of power sales agreements totaling 155 MW from the sale of wind energy electrical generation to two separate utilities.