TSX-VENTURE: SBX

VANCOUVER, July 30 /PRNewswire-FirstCall/ - Sea Breeze Power Corp. is pleased to announce that Wilson Sonsini Goodrich Rosati ("WSGR") has been retained to provide strategic advice in the process of securing U.S. federal stimulus funding for the Juan de Fuca Cable Project ("JDF Cable").

WSGR is a leading U.S. legal services provider and a premier advisor to technology and growth enterprises worldwide, with clients including global leaders in the high tech and life sciences fields. The firm is at the forefront of the clean technology sector, with a renewable energy project team committed to assisting companies secure project financing internationally.

Sea Breeze Pacific Juan de Fuca Cable, LP (a Delaware, USA registered limited partnership) will be employing WSGR's services in seeking strategic advice about available federal funding and/or federal loan guarantees for the Juan de Fuca Cable Project under the newly established American Recovery and Reinvestment Act of 2009 (ARRA). The ARRA is a stimulus funding package designed to encourage economic development, with objectives including investment in the electric transmission and renewable energy industries.

The Juan de Fuca Cable, which is fully permitted, is a proposed 550MW High Voltage Direct Current ("HVDC") Light(R) submarine transmission cable that will connect Vancouver Island, Canada, and Port Angeles, Washington State. The bi-directional pathway will strengthen the westerly 'end points' of the British Columbia and Washington State transmission grids, and will provide increased transmission stability and reliability for the region, as well as helping to meet Vancouver Island's growing electricity requirements. The project is a partnership between Sea Breeze Power Corp. and Boundless Energy NW, LLC (of York Harbor, Maine), with Energy Investors Funds ("EIF") participating as a financial partner.

EIF was founded in 1987 as the first private equity fund manager dedicated exclusively to the independent power and electric utility industry. Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation. As an investment manager, EIF seeks to mitigate commodity risk (fuel and electricity) by focusing primarily on acquiring power assets with long-term off-take contracts. EIF has mobilized over $4 billion in capital raised in seven funds, and currently manages four private equity funds from its offices in Boston, New York, and San Francisco. These funds have made over 100 diversified investments. EIF controls 4,000 MW of operating power assets with another 2,200 MW of power assets under development or construction. For more information, visit www.eif.com.

Sea Breeze Power Corp. is a Vancouver based renewable energy company focused on unlocking British Columbia's enormous but 'stranded' renewable energy potential. Sea Breeze is presently engaged in the development of utility-scale wind farms, 'run-of-river' hydroelectric projects, and through a joint venture partnership, the development of state-of-the-art electricity transmission projects. For more on the Company, please visit www.SeaBreezePower.com.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "Paul B. Manson"

    --------------------------
    PAUL B. MANSON, President & CEO

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

SOURCE Sea Breeze Power Corp.

Back to top