Element Power Acquires 1.4 GW Of Wind Assets From EcoEnergy

Element Power recently acquired a 1.4 GW portfolio of wind development assets from EcoEnergy for an undisclosed price.

‘By adopting a targeted and highly selective project acquisition strategy in key markets, we have created excellent 2010 and 2011 build opportunities in both solar and wind,’ says Raimund Grube, president and chief operating officer for Element Power's North America division.

Over the last year, private equity-backed Element Power has built a North American portfolio of nearly 4 GW of wind and solar assets in more than 25 states in the U.S. In addition, Element Power has a large portfolio of operating and development-stage wind and solar assets located across Europe and South America.

SOURCE: Element Power

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