Skypower Exploring Strategic Alternatives

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30th May 2008, 12:22pm - Views: 808





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SkyPower Exploring Strategic Alternatives


TORONTO, May 30 /CNW-AsiaNet/ --


     Developer Plans To Catapult its Growth & Penetration of the Wind and Solar Industry


     Canada's leading renewable energy developer, SkyPower Corp, a Lehman Brothers Company,

announced today that it is considering strategic alternatives to augment its growing capital base and

accelerate development of its wind and solar pipelines. The Company's portfolio of wind and solar

projects - in various stages of development and construction - represents in excess of 10,000 MW

of potential renewable energy.


     As the wind industry continues to evolve and consolidate, SkyPower intends to strengthen its

position as the supplier of choice for large renewable energy projects. The Company has

substantial capital investments in wind turbines and solar panels, and plans to continue its

investment program in order to meet the growing demand of utilities in North America and selected

countries across the globe.


     "We are very proud of SkyPower's growth and penetration in the Canadian renewable

landscape. The clean energy sector is growing exponentially in Canada and around the world. We

believe that Canada is a key region where we will continue to have a lead market share, and we

look forward to the coming months as we explore alternatives with our partners to take the

Company to the next stage of its growth trajectory," said Kerry Adler, President & Chief

Executive Officer of SkyPower.


     About SkyPower


     SkyPower Corp., a Lehman Brothers Company, is Canada's largest renewable energy developer

with interests in more than 100 wind and solar projects at various stages of construction and

development across 12 provinces/states, representing more than 10,000 MW of potential capacity.

Working with local partners, SkyPower also has wind energy under development in India and hydro




      SOURCE:  SkyPower Corp.


      CONTACT: David Bacon, (416) 979-4622












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