Creststreet launches flow-through fund

Creststreet, a Toronto-based investment management firm, is hoping to raise $50 million for the construction of the 63 MW Kettles Hill wind farm in southern Alberta through an initial public offering of units in its Creststreet Kettles Hill Windpower LP fund.

A portion of the proceeds from the offering will finance the installation of five test wind turbines. Following completion of a 120-day test period, the remainder of the proceeds, along with additional debt financing, will be used to finance the installation of 30 additional turbines.