CONNOR, CLARK & LUNN INFRASTRUCTURE TO EXPAND RENEWABLE ENERGY PORTFOLIO WITH INVESTMENT IN 297 MEGAWATT ALBERTA WIND FARM [Yahoo! Finance]
EDP ENERGIAS PRTGL S/ADR (EDPFY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
agreement to acquire a majority stake in the Sharp Hills wind farm (Sharp Hills, or the Project) from EDP Renewables Canada Ltd. (EDPR Canada), a subsidiary of EDP Renewables for an estimated Enterprise Value of approximately C$0.6 billion for an 80% stake and inclusive of investment tax credits. With the addition of this investment, CC&L Infrastructure will own more than 600 megawatts (MW) of wind generation assets and the Firm's total portfolio of renewable energy projects will exceed 1.8 gigawatts (GW) of clean energy capacity across Canada the United States , and Chile. Located in southeastern Alberta , Sharp Hills is one of the largest onshore wind farms in Canada with approximately 300 MW of capacity, representing clean energy generation equivalent to the amount of power used by more than 160,000 Alberta homes. The newly built project recently entered into operations, with remaining construction expected to be completed by Q2 2024. The construction of this facility marked a si
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