SkyPower Exploring Strategic Alternatives
TORONTO, May 30/PRNewswire/ --
- 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
For further information: David Bacon, +1-416-979-4622
Web site: http://www.skypower.com
Source: SkyPower Corp.
David Bacon of SkyPower Corp., +1-416-979-4622
2008-05-29 23:37:20 0373456 PRNEWSWIRE