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Tuesday, January 11, 2011

Japan's Marubeni buys stake in Canada wind farm

Marubeni Corp (8002.T) has bought a 49 percent stake in a wind farm being built in the Canadian province of Ontario, the Japanese trading house said on Tuesday. Marubeni bought the stake in the Raleigh Wind Energy Center, a 78-megawatt wind energy project located in southwestern Ontario, from Invenergy, a privately owned, Chicago-based company. No price was given for the transaction.