Windlectric Inc is a shell company created by Algonquin Power and Utilities to plan the proposed industrial wind turbine project on Amherst Island. This private company has two Directors, no employees, no financial track record, no experience building industrial wind turbines, no independent Directors and no public oversight. We face the likelihood that Windlectric, as a shell company, will ultimately have no assets. If we suffer loss or harm we may be unable to seek compensation, no matter how wealthy the project may have made its investors.
Algonquin Power & Utilities Corp. is a renewable energy and regulated utility company with about $3 billion in assets across North America. The Corporation invests in hydroelectric, wind and solar power facilities, and sustainable utility distribution businesses (water, electricity and natural gas) through its two operating subsidiaries: Algonquin Power Company and Liberty Utilities. The company has a Board of Directors with independent oversight and trades on the Toronto Stock Exchange with symbol AQN.