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Skypower’s parent company files for bankruptcy protection

by Jeanne Whitehead/Digby Courier
View all articles from Jeanne Whitehead/Digby Courier
Article online since September 15th 2008, 9:45
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Skypower’s parent company files for bankruptcy protection
Lehman Brothers, the global investment bank that owns SkyPower, has filed for bankruptcy protection.
The largest developer of renewable energy in Canada, SkyPower is a partner with Scotian Windfields in the Digby Neck wind park development, and has interests in projects in eight provinces.

The price tag on the Digby Neck wind park is $80 million.

In an interview with the Courier in July, Barry Zwicker said SkyPower’s role in the project was critical. “SkyPower has access to turbines and extensive funds to allow the project to be funded. There are no sources for 80 million dollars that we have found in Nova Scotia.”

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