SkyPower Advocates for Increasing Utility-scale Solar Power Adoption Globally‎ at United Nations Forum

NEW YORK, NY, June 4, 2014 /PRNewswire/ - SkyPower, the world's largest solar developer, is co-sponsoring the United Nations' first annual Sustainable Energy for All Forum (SE4ALL) to promote access to renewable energy around the world. The inaugural conference takes place June 4-6 at the UN Headquarters in New York. Kerry Adler, SkyPower's President and Chief Executive Officer, will speak as a panelist with other global leaders on the "Doubling the Share of Renewables in the Global Energy Mix" Global Leaders Panel, moderated by Matthew Bishop, The Economist's U.S. Business Editor and New York Bureau Chief.

SkyPower is committed to helping bring clean, green energy solutions to developing countries around the globe. Over the past decade, the SkyPower team has built strategic global partnerships with local developers, international leaders, local communities and indigenous peoples around the world, fostering relationships with stakeholders at all levels.

"SkyPower is proud to co-sponsor this groundbreaking United Nations initiative. I look forward to sharing SkyPower's commitment to help address poverty through solar energy," said Kerry Adler, SkyPower's President and Chief Executive Officer. "SkyPower is dedicated to help architect and chart the future of sustainable energy with other thought leaders from around the world."

In addition to developing utility-scale solar power parks around the globe, SkyPower, through its corporate sustainability initiative, donates a portion of its profits earned from solar energy purchased by countries around the world to help educate children and empower communities in those countries where electricity can make a difference.

The SE4ALL Forum features prominent figures, including UN Secretary-General, Ban Ki-moon and World Bank President, Jim Yong Kim. The three-day conference is also attended by heads of state, ministers of foreign affairs, invited CEOs of the private sector and leaders of civil society active in sustainable energy issues. The UN Decade of Sustainable Energy for All (2014-2024) will officially launch on June 5.

About SkyPower (www.skypower.com)
SkyPower is the largest and one of the most successful developers and owners of solar energy projects in the world. SkyPower's international team of experienced professionals, power project specialists and partners have built, assembled and acquired an extensive pipeline of over 25,000 MW worldwide. This development portfolio of large utility-scale solar PV projects makes SkyPower the world's largest solar development company.

In addition to over 300 MW of awarded power purchase contracts, SkyPower recently announced an agreement with the governments of Nigeria for 3,000 MW of solar PV projects to be built over the next five years.

Established in 2003, SkyPower has grown to over 135 employees, consultants and advisors in 35 global offices, supporting development activities in more than 60 countries.

SkyPower sources, develops, finances, owns and operates solar energy projects, from the initial discovery stages through to commercial operation. SkyPower's finance team brings a long track record of raising funds for investment in utility-scale solar power generation, closing on over US$2.5 billion in renewable energy transactions over the past decade. SkyPower has successfully raised US$250 million in project financings, and has arranged for corporate debt facilities totaling US$100 million. SkyPower has secured contracts representing over US$4 billion worth of energy sales to utilities around the world.

SkyPower is majority owned by CIM, a transformational urban real estate and infrastructure investment firm founded in 1994 with over US$15.78 billion in assets under management. (cimgroup.com)

SOURCE SkyPower



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