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Atlantic Power picks up stake in Oklahoma wind project

Wed, 02/01/2012 - 9:23am
Reuters

(Reuters) - Independent power producer Atlantic Power Corp said it bought a majority stake in Canadian Hills LLC, which owns a 300 megawatts windpower project in Oklahoma, for $23 million.

Atlantic Power, which would have a 51 percent stake in Canadian Hills, said total costs for the U.S.-power project are expected to be about $460 million.

Construction of the project -- Canadian Hills -- which is being developed by Apex Wind Energy Holdings is expected to begin in April, with commercial operations likely in November.

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