Schneider Power Closes Acquisition of Grand Valley Wind Farms

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Toronto, Ontario-based Schneider Power Inc. has completed its acquisition of Ontario-based Grand Valley Wind Farms Inc. from EarthFirst Canada Inc., in partnership with Lands End Corp., the original developer of the project.

Grand Valley Wind Farms holds three Ontario renewable energy standard offer program contracts for a total of 22 MW of fully permitted capacity, with an additional 28 MWs of capacity anticipated to be developed under the new Ontario feed-in tariff program.

Schneider Power holds a 66% ownership in the joint venture, and Lands End Corp. holds a 34% interest.

SOURCE: Schneider Power Inc.

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