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.

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

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