Bussiness News

Element Markets, a greenhouse gas and renewable energy developer and marketer of environmental credits, announced today that it has entered into a strategic development agreement with International Power. Element Markets received over ten indications of interest for its unique on-peak wind portfolio of projects primarily located in Texas and Illinois.

"International Power is the ideal partner to advance this portfolio of wind projects," said Angela Schwarz, President and COO of Element Markets. "Element Markets also gains the opportunity to expand other areas of our business with one of the largest and most respected power companies in the
world."

Under the terms of the agreement, Element Markets will transfer three key wind development personnel to International Power who will subsequently develop and operate the wind projects. Element Markets will continue the development of its remaining wind pipeline. Financial terms of the deal were not disclosed.