CALGARY (Bloomberg) Western Wind Energy Corp, the Canadian renewable-energy developer fighting a dissident shareholder, is seeking to sell itself for almost twice the current share price and has 16 potential buyers, the chief executive officer said.Western Wind expects a buyer to pay between C$3.75 and C$4.50 a share, CEO Jeff Ciachurski said in a phone interview. The Vancouver-based company was unchanged at C$2.45 at 1.49pm in Toronto, and has doubled since the company said it was for sale on July 29. It issued a statement yesterday disclosing the number of potential buyers currently engaged in due diligence.Western Wind is countering efforts by Savitr Capital to control the sale process and replace the board. The San Francisco-based fund says it manages 3.2 million shares, or five percent of the wind company. Shareholders have until a September 25 shareholder meeting to voice support for either Savitr’s motion or the current management, the company said in a proxy.Bermuda-based Brookfield Renewable Energy Partners LP, which owns 16 percent of Western Wind, is “obviously interested,” John McIlveen, an analyst at Jacob Securities Inc in Toronto, said. Brookfield said on August 28 it had acquired the stake, about 10.7 million Western Wind shares, for C$2.25 each from an unidentified institutional investor.The deal includes a so-called upside provision that requires Brookfield to pay “an additional amount” to the institutional investor if Western Wind is acquired for a higher price, according to a Western Wind filing.“You don’t do that if you’re just talking about a portfolio investment. They did that because they intend to bid,” said McIlveen, who rates Western Wind a buy and doesn’t own the stock.A buyer may pay at least C$2.50 a share for the company, he estimated. “After that it really depends upon what valuation you put on the assets that aren’t in production.”Andrew Willis, a Brookfield spokesman, declined to say in a phone interview whether Brookfield will make an offer for Western Wind and said his company hasn’t decided how to vote on the Savitr motion.Western Wind operates wind farms in California and Arizona, with capacity of about 165 megawatts, and is developing additional projects in the two states and and in Puerto Rico. An acquisition offer of C$2.50 a share from Algonquin Power & Utilities Corp. fell through in October.