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
projects under development in Panama. For more information, visit www.skypower.com
SOURCE: SkyPower Corp.
CONTACT: David Bacon, (416) 979-4622