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February 06, 2021 - 6:30 AM The ownership of Okanagan Wind, which has wind turbines at Pennask Summit and Sihish Creek, is changing hands. Canadian Power Holdings Inc., a Calgary-based investor, owner and operator of power generation assets, will acquire the two wind power facilities from Instar AGT Asset Management, Inc. according to Canadian Power. There are 10 wind turbines in total at the two Okanagan locations and the project has a 30-year Crown land lease to operate the wind farms until 2047. The power generated by the turbines is sold to B.C. Hydro and used as elect...

Okanagan Wind farms sold for reported $100M In a blockbuster deal estimated to be worth $100 million, the two wind farms visible from the Okanagan Connector highway between West Kelowna and Merritt are being sold to a business unit of Hong Kong billionaire Li Ka-shing. "We are excited to be acquiring CK Group's first renewable energy project in Canada," said CEO Derek Goodmanson of Calgary-based Canadian Power. Canadian Power is a subsidiary of CK Group, a business unit of Hong Kong billionaire Li Ka-shing, who has a diverse empire of real estate, port, retail, energy and technology interests...

CK Group's Canadian Power Holdings to Acquire Okanagan Wind Platform News provided by Share this article Strong fit with existing operating platform and investment strategy CALGARY, AB, Feb. 4, 2021 /CNW/ - CK Group's wholly-owned Canadian Power Holdings Inc. ("Canadian Power"), a Calgary, Alberta-based investor, owner and operator of power generation assets, agreed to acquire two wind power facilities located in the Okanagan region of British Columbia ("Okanagan Wind"). The agreement includes the purchase of 100% of the equity interests in Okanagan Wind and the assumption of certain debt fro...

Article content CALGARY — Canadian Power Holdings, a wholly owned unit of Hong Kong-based CK Group, has agreed to buy two wind farms in British Columbia, the company said on Thursday, its first purchase of a Canadian renewables project. Canadian Power did not disclose the value of the purchase from InStarAGF Asset Management, citing confidentiality, but a source with knowledge of the transaction said it was over $100 million (US$78 million). We apologize, but this video has failed to load. Try refreshing your browser, or Hong Kong's CK Group buys two wind farms in British Columbia Back to ...