Emera Sells Its Interest in Northeast Wind
Submitted by aburr on Thu, 2014-11-20 13:00Emera will sell its 49% interest in Northeast Wind Partners II (Northeast Wind), to its 51% partner, First Wind Holdings (First Wind) for $223.3 million. Northeast Wind owns and operates a 419-MW portfolio of wind generating assets located in the Northeast United States. Emera acquired its interest in Northeast Wind in 2012. Emera's sale is part of a larger deal which will see 100% of First Wind sold to a third party, and is conditional on that transaction closing.