Hydropower, Project Development, Utility Scale, Wind Power

Sea Breeze Power Raises More than $1 M

Vancouver, BC [RenewableEnergyAccess.com] Sea Breeze Power Corp., a renewable energy company focused on unlocking British Columbia’s enormous but ‘stranded’ renewable energy potential, is engaged in the development of utility-scale wind farms, small-scale ‘run-of-river’ hydroelectricity, and the development of state-of-the-art electricity transmission projects, has closed three new convertible debentures exceeding US$ 1 million. The debentures have a five-year term and are convertible into shares of the company at $0.34 USD per share during the first and second year, increasing in price by 10% per year the third through fifth years.