AC Energy subsidiary hikes ownership in NorthWind to 68%

Winnergy Holdings Corp.

AC Energy Holdings Inc., through its unit Presage Corp. (Presage), has increased its stake in NorthWind Power Corp. (NorthWind) to 67.79 percent.

โ€œAC Energy Holdings Inc., through its wholly owned subsidiary Presage Corp., acquired an additional 17.79-percent stake in NorthWind Power Development Corp., increasing AC Energyโ€™s effective ownership interest in NorthWind from 50 percent to 67.79 percent,โ€ the power firm said on Tuesday. AC Energy acquired its 50-percent ownership in the company in 2011.

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