Atlantic Power Plans Secondary Offering for Wind Farm

Atlantic Power Corp. (ATP), a Boston-based independent power producer, filed to issue 5.5 million common shares in a secondary offering to fund a $470 million wind farm it’s developing in Oklahoma.

The company will also offer $130 million in convertible debentures to support the 300-megawatt Canadian Hills project about 20 miles (32 kilometers) west of Oklahoma City, according to a statement today.

Apex Wind Energy Inc., based in Charlottesville, Virginia, is building the wind farm using turbines from Repower Systems SE and Mitsubishi Heavy Industries Ltd. (7011) Atlantic Power owns 99 percent of the project and Apex owns the remainder.

Atlantic Power fell a penny to $13.29 at the close in New York.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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