New Developments
Northeast Wind
In April 2011, Emera Inc. announced that it will purchase 49% of First Wind Holdings LLC generation assets located in the US Northeast. With 370 megawatts and operating facilities in seven different locations throughout New England and New York, the proposed investment creates a substantial renewable position for the company with a leading developer of wind assets.
Emera Energy will have the ongoing responsibility for providing commercial management of the assets.
Emera Energy is currently working through the close process which includes a variety of state-level and federal regulatory approvals. The overall transaction is expected to close early Q1, 2012.