Western Wind Makes Play For 4,000-MW Power Portfolio

Law360, New York (May 16, 2012, 5:24 PM EDT) -- Western Wind Energy Corp. announced Wednesday a planned $20 million acquisition of a 4,000-megawatt wind power portfolio from CGEI Wind, which encompasses the bulk of the latter company's wind assets.

The acquisition, which includes near-term projects in Hawaii and Utah along with other large holdings in California, will be funded through the transfer of 8 million common shares in Western Wind at the value of $2.50 per share to CGEI Wind. The acquisition is now subject to the completion of due diligence, formal documentation and a...
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