3Power Energy Group Closes Seawind Acquisition


3Power Energy Group Inc. has announced the closing of the acquisitions of Seawind Energy Ltd. and Seawind Services Ltd. As a result of the acquisitions, 3Power has also appointed new officers and directors of the company.

Dimitris Kazantzis has been named chief engineering officer and director. He has served as the co-founder, CEO and engineering director of Hellenic Technologies Ltd.

Riccardo Valentini has been appointed a member of the company's board and as vice president of project development. He is a partner in CR&P Holding SpA, an Italian investment group that has provided a $50 million credit facility to 3Power.

The company anticipates commencing steps for the acquisition of 58 MW of development projects in Latin America from Seawind's existing pipeline.

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