Emera Completes Sale of Interest in Northeast Wind
Submitted by aburr on Sun, 2015-02-01 14:28Emera closed the sale of its 49% interest in Northeast Wind Partners II (Northeast Wind) to First Wind Holdings (First Wind) has closed. The proposed sale was announced in November 2014. Northeast Wind owns and operates 419 MW of wind generating assets located in the northeast United States. First Wind purchased Emera's interest in Northeast Wind for $223.3 million. Emera's carrying value of its 49% interest as of December 31st, 2014, was $204.4 million.