AES Trust (AES)

Greenhouse Gas Services, a venture of GE Energy Financial Services and The AES Corporation announced it has expanded into renewable energy and into Canada by acquiring StormFisher Ltd.
The acquisition of Toronto-based StormFisher-which builds, owns, and operates projects in North America that turn food or agricultural byproducts into natural gas and electricity-enables Greenhouse Gas Services to grow in markets outside the U.S. and particularly where governments support renewable energy, such as Ontario. In the transaction, Denham Capital, an energy and commodities-focused private equity firm, becomes an investor in Greenhouse Gas Services by exchanging its stake in StormFisher for ownership in Greenhouse Gas Services. Greenhouse Gas Services will retain the StormFisher brand as its biogas business line. Other terms of the transaction were not disclosed.

Feb 9 · 4:02:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto