Baker Tilly Capital LLC served as the financial advisor to Emerging Energies in its recent sale of 90% of its wind project to Central Hudson Enterprises Corp. (CHEC).
CH Shirley Wind LLC, a wholly owned subsidiary of CHEC, plans to invest $50 million in the 20 MW wind farm in Glenmore, Wis. CH Shirley Wind acquired a 90% controlling interest in the project, which carries a 20-year power purchase agreement with the Wisconsin Public Service Corp. for electric output.
Once constructed, the wind farm is projected to generate nearly 64 million kWh of electricity.
SOURCE: Baker Tilly Capital LLC
