May 29 2008
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.