- Published: 12 April 2006 12 April 2006
AltaGas Income Trust (AltaGas or the Trust) and GreenWing Energy Management Ltd. (GreenWing) announced the formation of a limited partnership for the purpose of developing a portfolio of power projects in North America.
Initially, GreenWing Energy Development Limited Partnership (GEDLP) will hold 10 proposed wind projects, representing the potential to develop a total capacity of approximately 800MW. The limited partnership is seeking to develop a portfolio of wind power generation projects in Western Canada and the Western United States. GEDLP anticipates that, subject to successful participation in bid processes or negotiation with purchasers, it will be able to enter into long-term power purchase arrangements for the majority of the current projects. AltaGas has the right to finance up to 100 percent of the debt and equity of the projects. GreenWing will manage the limited partnership and take the lead development role.