Sequoia Energy Inc., a Canadian renewable energy company focused on utility-grade wind energy projects, has closed a C$16 million financing round from Good Energies.
Sequoia plans to use the proceeds to advance projects in Manitoba, Saskatchewan and North Dakota.
“Just as the wind blows across borders, wind developers have to lookbeyond the lines on a map. Today’s announcement is a commitment on both our parts to develop wind energy from Manitoba to Saskatchewan and south to the Midwest states,” said Ron Diduch, CEO of Sequoia Energy.
Sequoia supports a community-centered approach and has invested significant resources to ensure that the company’s wind projects preserve the integrity of established communities and integrates smoothly into existing energy systems.
Good Energies manages the renewable energies portfolio of the COFRA Group, a privately owned group of companies. The current market capitalization of its portfolio is more than $5 billion. Good Energies places its emphasis on the interrelated business areas of solar energy, wind energy, load management and green buildings.
“The investment by Good Energies in Sequoia will greatly enhance the wind portfolio of our firm,” added David MacMillan, a managing director at Good Energies in London and part of its global wind investment team. “Good Energies will provide Sequoia not only with the capital it needs to succeed, but we will also partner with management to provide them with our international utility-grade wind development expertise that we have gained from successfully bringing projects online in North America and Europe.”
Sequoia Energy Inc. is headquartered in Winnipeg, Manitoba.
www.goodenergies.com
www.sequoia-energy.com
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