Creststreet sells Kettles Hill Windpower subsidiary for $163 million to ENMAX
On June 26, 2008, Creststreet Kettles Hill Windpower LP completed the sale of Kettles Hill Wind Energy Inc. to ENMAX Green Power Inc., a subsidiary of ENMAX Corporation, in a deal worth $163 million, including debt.
Kettles Hill Wind Energy Inc. is the owner and operator of a wind farm located near Pincher Creek, Alberta, that includes 35 turbines with a current capacity of 63 megawatts. The wind farm has potential for a further 77 megawatts.
The Manufacturers Life Insurance Company, lender to Kettles Hill Wind Energy Inc., was represented by Ella Plotkin and Mark Lefler of Fasken Martineau.