Wpd seeks to receive up to CAD 100 million (USD 75.4m) as compensation for the cancellation of the almost completed 18.45 MW White Pines wind project located in Ontario, Canada.
Ontario minister of government and house leader Todd Smith stated that the administration would submit "urgent legislation" to cancel the project because it had "received notice to proceed during the election period before the government had a chance to make any decision on the project for the benefit of the people of Prince Edward County".
The company has already spent over 95% investment for the manufacturing of equipment, construction of infrastructures, and for planning, structuring, financing and others. Another costs will come after the demolition.
Country updates
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July 12, 2018
Boralex closes public offering and private placement to fund acquisition of stakes in 392 MW wind projects
Boralex Inc. has announced that it has closed its previously announced public offering of subscription receipts for gross proceeds of approximately CAD207 million (US$157.0 million), which includ...
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July 09, 2018
Enbridge and Brookfield agree US$3.3 billion natural gas sale
Enbridge Inc. has entered into definitive agreements to sell its natural gas gathering and processing (G&P) business based in Canada to Brookfield Infrastructure and its institution...
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June 25, 2018
Pomerleau sold a minority stake to La Caisse de Depot el Placement du Quebec
Pomerleau sold a minority stake to La Caisse de Depot el Placement du Quebec. The investment is said to facilitate Pomerleau´s plans for expansion in the future
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June 21, 2018
Boralex signs agreements to acquire stakes in 392 MW wind projects from Invenergy
Boralex Inc. has announced it has entered into binding agreements with affiliates of Invenergy Renewables LLC to acquire all of its economic interests in five wind farms in Québec for a total c...
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June 13, 2018
AltaGas has signed a definitive agreement with Axium Infrastructure and ManuLife Financial Corporation for the purchase of 35% stakes in Northwest British Columbia Hydro Electric Facilities
