Ventus Energy West Cape Windpower LP Concludes Agreement to Sell Shares of West Cape Wind Energy Inc.

    TORONTO, Feb. 29 /CNW/ - Ventus Energy West Cape General Partner Limited
(the "General Partner"), the general partner of Ventus Energy West Cape
Windpower LP (the "Partnership"), announced that the Partnership has entered
into a definitive share purchase agreement with Ventus Energy Corp. with
respect to the proposed sale of all of the Partnership's shares in the capital
of West Cape Wind Energy Inc. ("West Cape") for aggregate cash consideration
of $21 million. Completion of the transaction is subject to a number of
conditions, including, but not limited to, approval of the transaction by a
majority of disinterested unitholders of the Partnership and satisfaction of
other conditions customary in transactions of this nature. Subject to the
satisfaction of all conditions precedent, closing of the transaction is
expected to take place in March 2008.
    Details of the proposed transaction, as well as the operations of West
Cape, are included in the management information circular (the "Circular") and
related documentation prepared in connection with the special meeting of
unitholders of the Partnership scheduled to be convened on March 27, 2008 for
the purpose of considering and if appropriate approving the proposed
transaction. A copy of the Circular and related documents will be mailed to
unitholders of the Partnership on or about March 5, 2008 and will concurrently
be filed on the web-site for the System for Electronic Document Analysis and
Retrieval ("SEDAR") and will be available on SEDAR's website at
    The General Partner is a wholly-owned subsidiary of Ventus Energy Corp.,
a member of the SUEZ Energy North America group of companies. For more
information about SUEZ Energy North America, please visit

For further information:

For further information: Julie Vitek, Vice President, Communications of 
SUEZ Energy North America, (713) 636-1962;, for
Ventus Energy West Cape General Partner Limited, Web Site:

Organization Profile


More on this organization


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890