Canadian company buys Shady Oaks wind farm
Algonquin Power & Utilities Corp. has bought the Shady Oaks wind farm in Lee County from Goldwind International for $148.9 million, the company announced Wednesday.
Shady Oaks is a 72-turbine, 109.5 megawatt wind farm in the Lee and Compton area that began operating in June.
The acquisition continues Algonquin’s aggressive strategy to buy utility, generation and other assets and achieve 15 percent annual growth, the Oakville, Ontario-based company said in a news release.
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