FERC allows Algonquin unit to acquire stake in wind power firms

04/12/2012 | SNL Financial (free content)

The Federal Energy Regulatory Commission has signed off on a transaction that will allow Algonquin Power Fund to acquire a 51% stake in Gamesa Energy USA's membership interests in Sandy Ridge Wind and Pocahontas Prairie Wind. Sandy Ridge operates a 50-megawatt wind farm in Pennsylvania, while Pocahontas Prairie runs an 80-MW wind farm in Iowa.

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