News
Editorial Features
Subscription Services
Magazine Profile
Advertising
Events
Previous Issues
Jobs
Newsletters
WWEA Page
 

Get the latest news by RSS news feed

 

Register here to receive our newsletter and to access old issues






Lost Password?
No account yet? Register

As registered user you are also able to submit news to us through this site


Triton Market Leading
Ventus Energy files CAN$55 million IPO Print E-mail
Wednesday, 15 November 2006
Ventus Energy Inc. has filed a preliminary prospectus in connection with a proposed initial public offering of limited partnership (LP) units of Ventus Energy West Cape Windpower LP.

Ventus Energy intends to raise up to CAN$55 million through the offering of LP units priced at CAN$10.00 per unit. Ventus Energy Inc. through its wholly owned subsidiary, Ventus Energy West Cape General Partner Limited, is the general partner of the limited partnership. Ventus Energy West Cape Windpower LP, is established to invest in Class A shares, most of which will be Flow Through Shares, of West Cape Wind Energy Inc. that intends to construct and then operate 11 test wind turbines for the purpose of conducting a 120 day test and, if successful, construct and operate an additional 44 wind turbines to create a 99MW wind energy project near O’Leary, Prince Edward Island. West Cape Wind Energy was established and funded by Ventus Energy Inc. for the purpose of developing, constructing and operating the West Cape Facility. The net proceeds of the offering will be used for repayment of the notes owed by West Cape to Ventus Energy Inc.
 
< Prev   Next >
 
© Windtech International 2004-2010