Wind energy company First Wind Holdings Inc. said Wednesday that it will withdraw the registration for its initial public offering, citing “unfavorable market conditions.” Get the full story »
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First Wind buries its plans for IPO
From The New York Times | The wind farm developer First Wind has shelved its plans for an initial public offering after cutting its offering price by nearly 25 percent.
First Wind IPO could face turbulent debut
Wind farm owner and operator First Wind Holdings Inc., which is planning a $300 million IPO for next week, may be a risky bet in the current energy climate.
The Boston-based company, mostly owned by private equity firm Madison Dearborn and hedge fund operator D.E. Shaw foresees rapid growth. By 2014, First Wind plans to have 1900 megawatts in operation or under construction. One megawatt produces enough power to meet the electricity needs of 800 typical American homes. Get the full story »
