Clear Wind Renewable Power, Inc. has announced the execution of a purchase agreement to acquire four wind energy projects with a total planned capacity of 320MW from Chermac Energy Corporation.

The four wind projects are at various stages of development. Chermac Energy Corporation is an Oklahoma-based independent energy company that has developed over 214MW of wind farms through 2007 and is in the development process of an additional 3,000MW to be constructed primarily in Oklahoma, Texas and Kansas by the end of 2014. Clear Wind Renewable Power, Inc. is an affiliate of Whitebox Advisors, LLC, a Minneapolis-based investment adviser.