"After the successful development of the project which commenced as little more than an idea in 2006, Laidlaw Energy reached an agreement to sell its equity stake in the project. Laidlaw currently remains a substantial stakeholder in the project, however, until the terms of the transaction have been satisfied. Laidlaw also has an ongoing role in the project as certain of its principals provide executive management services to Laidlaw Berlin Biopower, LLC pursuant to certain Management Services Agreements."
"In it, Cyr said Laidlaw Energy Group sold its equity interest in Laidlaw Berlin BioPower to Newco Energy LLC in September 2010 for a cash payment at the time and a subsequent payment after the construction loan on the project closed."
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