Quantum Technologies sells wind farm to Leader Resources

Natural gas storage system maker Quantum Fuel Systems Technologies Worldwide and its unit Schneider Power completed the sale of the 1.6 MW Providence Bay wind farm to Leader Resources for a purchase price of $400,948 and the assumption of about $1 million in bank debt and certain other project related liabilities.

Schneider Power also recently entered into a non-binding letter of intent to sell its 1 MW development project in the Bahamas that is expected to close in the next several months.

The company previously announced it entered into a separate non-binding letter of intent with an unrelated third party for the sale of Schneider Power’s 10 MW Trout Creek wind farm development project and certain other Schneider Power development projects and also received formal offers and letters of interest for Schneider Power’s 10 MW Zephyr operational wind farm.

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