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SkyPower Corp.

SkyPower Secures Major Wind Power Supply Contract

Toronto (ots/PRNewswire)

- SkyPower Signs 20-year Power Purchase Agreement With the
Ontario Power Authority to Build CDN$160-million Wind Power Project
SkyPower Corp. (SkyPower) announced today that its proposed 64.5
MW Byran Wind Project was selected in the Ontario Power Authority's
Renewable Energy Supply (RES III) competitive supply process. The
Byran Wind Project, located in Prince Edward County, Ontario, is
expected to become operational by the end of 2010 and will produce
clean energy sufficient to power more than 16,000 homes annually.
"We are excited to have the opportunity to generate clean,
renewable energy that will serve Ontarians for years to come," said
Kerry Adler, SkyPower's President & Chief Executive Officer.
"Ontario's environment, economy and future energy supply will be
well-served by the Byran Wind Project."
The Ontario Government, in concert with the Ontario Power
Authority, has launched a number of innovative procurement programs
to encourage the growth of the renewable energy industry in the
province. These procurement programs provide a platform for
stimulating investment and job creation in the renewable energy
sector. The awards issued under the Ontario Power Authority
competitive process demonstrates the strong support of the power
authority, provincial government, municipal leaders, and communities,
and are a clear indication that Ontario's renewable energy targets
are achievable. The Byran Wind Project is an important step towards
delivering secure, sustainable and clean energy for Ontarians and
will help meet the Ontario's government's green energy objectives.
"We look forward to working with provincial and municipal
government leaders as well as with the local community on the
development and construction of this project," said Adler. "In
particular, we are encouraged to see that the Ontario Government
recognizes that investments in wind energy projects will help create
valuable jobs, economic growth and clean renewable energy development
in Ontario."
In addition to the Byran Wind Project, SkyPower has executed 17
other contracts with the Ontario Power Authority over the past few
years for the supply of both Wind and Solar energy under the Ontario
RESOP program amounting in aggregate to over 160 MW of incremental
clean renewable energy. These projects are at varying stages of
development or construction across Ontario.
About SkyPower Corp.
SkyPower is Canada's largest renewable energy developer with
interests in more than 200 wind and solar projects at various stages
of construction and development across Canada and select U.S. states,
representing more than 11,000 MW of potential capacity. Working with
local partners, SkyPower also has wind energy under development in
India, and hydro projects under development in Panama. For more
information about SkyPower, please visit http://www.skypower.com.
For further information: on the Byran Wind Project, please visit
http://www.byranwindproject.com or contact us at: Grace Pasceri,
Community Relations Manager, +1-416-979-4625,  gracep@skypower.com;
Aaron Peters, Communications & Regulatory Affairs, +1-416-979-4625, 
aaronp@skypower.com

Contact:

For further information on the Byran Wind Project, please contact us
at: Grace Pasceri, Community Relations Manager, +1-416-979-4625,
gracep@skypower.com; Aaron Peters, Communications & Regulatory
Affairs, +1-416-979-4625, aaronp@skypower.com

Plus de actualités: SkyPower Corp.
Plus de actualités: SkyPower Corp.
  • 08.08.2006 – 21:35

    HSH Nordbank AG Acquires Minority Stake in SkyPower Corp. a Leading Canadian Wind Developer

    New York and Toronto, Canada (ots/PRNewswire) - HSH Nordbank AG ("HSHN") has acquired a minority stake in SkyPower Corp. ("SkyPower"), a leading Canadian based renewable energy developer with interests in 24 wind power and 4 solar energy projects across Canada, currently representing more than 7,000 MW of potential capacity. Terms of the transaction were not ...