Canadian Energy Co. To Grab Majority Stake In Solar Biz

Law360, New York (March 12, 2012, 4:31 PM EDT) -- Canadian renewable energy company W2 Energy Inc. plans to buy a 51 percent interest in Arctic Solar Engineering LLC from U.S. oil and gas company EGPI Firecreek Inc. in an effort to expand its presence in the alternative power sector, W2 Energy announced Monday.

The two companies have signed a letter of intent to transfer the shares of Missouri-based Arctic Solar, which designs, builds and installs solar-powered thermal systems that use the sun's energy to heat water and then use the resulting steam indirectly power both...
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