Sprott Power Corp. (TSX:SPZ), a developer, owner and operator of renewable energy projects, announced that it has entered into agreements under which it has advanced and/or assumed approximately $5 million in interest bearing secured loans. The loans are secured by portfolios of wind power development projects in Ontario and British Columbia with executed power purchase agreements totaling approximately 172 megawatts. It is Sprott Power’s intention to co-develop some, or all, of these, and other, contracted projects held by the current owners.
Sprott Power is a publicly-traded (TSX: SPZ) Canadian-based company dedicated to the development, ownership and operation of renewable energy projects. Through project development efforts, acquisitions, partnerships and joint ventures, Sprott Power provides its shareholders with income and growth from the renewable power generation sector of the energy industry.