Entegrity Wind founder sued for $4 million

subscribe

One of the founders of a PEI wind energy company that went bankrupt last year is being sued for money the company owed to a bank.

Papers filed in PEI Supreme Court show Mercantile Finance Services is going after Malcolm Lodge for $4 million. Mercantile was owed that money by Entegrity Wind Systems, which went bankrupt in September 2009, putting 25 Islanders out of work.

The court document says Lodge is liable because he made an unconditional written guarantee that the loan would be paid.

Neither Mercantile's lawyer nor officials with the bank could be reached for comment. Lodge, who lives in Charlottetown, declined to comment.

Entegrity Wind Systems, with operations in PEI and Colorado, sold small 50-kilowatt wind turbines across North America. Lodge has long ties to wind energy on the Island. He helped found the Atlantic Wind Test site in the 1980s and went on to found Entegrity Wind along with two other people in 2002. He continues to run his consulting firm Island Technologies, a firm that offers advice on wind energy and other engineering projects.

Related News

brazil strikers

Brazilian electricity workers call for 72-hour strike

BRASILIA - Brazil's national electricity workers' collective (CNE) has called for a 72-hour strike to protest the privatization of state-run electric company Eletrobras and its subsidiaries.

The CNE, which gathers the electricity workers' confederation, federations, unions and associations, said the strike is to begin at Monday midnight (0300 GMT) and last through midnight Wednesday.

Workers are demanding the ouster of Eletrobras President Wilson Ferreira Jr., who they say is the leading promoter of the privatization move.

Some 24,000 workers are expected to take part in the strike. However, the CNE said it will not affect consumers by ensuring essential services.

#google#

Eletrobras accounts for 32 percent…

READ MORE
tunisia renewables

Tunisia invests in major wind farm as part of longterm renewable energy plan

READ MORE

heat-exacerbates-electricity-struggles

Heat Exacerbates Electricity Struggles for 13,000 Families in America

READ MORE

Abu Dhabi

Abu Dhabi seeks investors to build hydrogen-export facilities

READ MORE

Some in Tennessee could be without power for weeks after strong storms hit

READ MORE