United States

United States

Arbutus bankruptcy bid

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In a bankruptcy auction, CalWind Resources Inc bid the highest amount for Kenetech Windpower's so-called Arbutus asset in Tehachapi. The auction took place on January 6 at the US bankruptcy court in Oakland, California. CalWind initially bid $1.1 million for the asset, it was disclosed in court in December. But other parties, including Windland, wanted to compete for the 228 turbines. Judge Leslie Tchaikovsky agreed to allow others to attempt to match the $1.1 million bid of CalWind, a five-employee company which already has 134 turbines in the Tehachapi area.

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