CPV Canada Development ULC (CPV) has received approval from the Ontario Superior Court of Justice pursuant to the Companies Creditor Arrangement Act to complete its acquisition of the wind development portfolio of the wind energy company Interwind. Interwind was formerly part of SkyPower's renewable generation and development business. Closing is anticipated to take place in February.
CPV is comprised of three main business lines: wind generation development, asset management and thermal generation development. The company currently has 6,100 MW of wind generation projects under site control, 1,800 MW of which are in advanced development. In addition, the company has over 350 MW of wind power projects with executed long-term power purchase agreements.
SOURCE: CPV Canada Development ULC