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Wind power company started by Idahoans sold for $88 million

November 18, 2012 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

A renewable energy development company started by an Idaho entrepreneur will be bought by Atlantic Power Corp. for $88 million.

Ridgeline Energy Holdings Inc. has two Idaho wind projects in operation and a third expected to come on line by the end of the year. These projects alone represent a billion dollars in capital investment in Idaho.

Ridgeline was started by Rich Rayhill of Boise and Steve Voorhees of Seattle in 2002. They sold it to Veolia Environnement, a French company.

by Rocky Barker

Full Story: http://voices.idahostatesman.com/2012/11/16/rockybarker/wind_power_company_started_idahoans_sold_88_million

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