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Wind wire: Acquisition

Quebec's eolectric has acquired 100% of the company that owns the 100 MW Vents du Kempt (VDK) project in the eastern part of the province.

eolectric, based in Brossard, was the original developer of the project and a 50% shareholder. Other shareholders in the company included a subsidiary of collapsed Australian company Babcock & Brown, which holds a 33% share and Good Energies, a global private investment firm, which had the remaining 17%. The terms of the deal remain confidential. Construction of the Vents du Kempt project is scheduled for 2013 and it is expected to be in full commercial operation by December 1, 2014.

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