Western Wind Energy Corp. has announced it has executed a Term Sheet with Champlin/GEI Wind Holdings (CGEI Wind) to acquire the rights and title to a 4,000MW wind energy development pipeline, with near term projects in Hawaii and Utah.
Additional large projects are in California and throughout the US in niche markets with strong Renewable Portfolio Standards and Power Purchase Agreement pricing. Cost of the acquisition is US$ 20 million. The term sheet will be subject to completion of due diligence, formal documentation, board approvals and approval of the TSX and the applicable securities regulatory agencies including applicable escrow provisions. CGEI Wind is jointly owned by Good Energies and Champlin Windpower.
Additional large projects are in California and throughout the US in niche markets with strong Renewable Portfolio Standards and Power Purchase Agreement pricing. Cost of the acquisition is US$ 20 million. The term sheet will be subject to completion of due diligence, formal documentation, board approvals and approval of the TSX and the applicable securities regulatory agencies including applicable escrow provisions. CGEI Wind is jointly owned by Good Energies and Champlin Windpower.
