SkyPower's Sixth Utility-Scale Solar Park to Create Jobs in Thunder Bay, Ontario

Dec 13, 2010, 15:54 ET from SkyPower Corp.

8.5 MW solar park at Thunder Bay Airport Site to commence construction in early 2011

THUNDER BAY, ON, Dec. 13 /PRNewswire/ - SkyPower, one of Canada's leading owners and developers of solar parks, announced today that its 8.5 MW project in Thunder Bay will begin  construction work on lands within the Thunder Bay International Airport property starting in early 2011. The solar park is expected to create almost 100 new direct clean energy jobs during peak construction and potentially many more indirect jobs for the local region of Thunder Bay. The project plans to reach commercial operation by summer 2011.

SkyPower recently closed financing on this solar project with Deutsche Bank and has executed an Engineering, Procurement and Construction (EPC) agreement with Canadian Solar Inc., to build the solar park.

"This is another important  clean energy and job creation milestone for Ontario in the Thunder Bay region," said Kerry Adler, President and Chief Executive Officer of SkyPower Limited, "I would like to thank the Thunder Bay International Airports Authority, our business partners and most importantly the region of Thunder Bay for their open arms, foresight and economic innovation. This project is a testament to the great things that can be accomplished for the environment and future generations when we work together."

"We are very excited to see this project becoming reality after several years in the making," said Scott McFadden, President and Chief Executive Officer of Thunder Bay International Airports Authority. "This is another first for the TBIAA as we effectively become the first "solar-powered" airport in Canada."

The Thunder Bay Airport Solar Park is expected to produce enough clean energy to meet the energy needs of approximately 1000 homes after its first year of operation and almost 15,000 homes over 20 years. As a clean energy source, the Thunder Bay Airport Solar Park will effectively offset approximately 7,500 metric tons of carbon from the air per year.

The solar park is being built on Thunder Bay International Airport lands located on the southwest corner of the airfield bordered on all sides by the railway, Highway 61 and two airport runways.

About SkyPower Limited

SkyPower Limited is one of Canada's largest owners and developers of solar Energy projects. The company owns with its partner Canada's first utility-scale fully operating solar park. SkyPower also has an extensive pipeline of solar projects under construction and at various stages of development representing over 1500 MW of potential name plate capacity across North America. SkyPower prospects, develops, manages, finances, owns and operates solar energy projects from initial discovery stages through to commercial operation. SkyPower helps many jurisdictions meet their increasing demand for cleaner, non-emitting renewable energy solutions. For more information about SkyPower, please visit www.skypower.com.

About Thunder Bay International Airports Authority

The TBIAA is the private not for profit corporation responsible for the funding and operation of the Thunder Bay International Airport and is a recognized leader in innovations in airport operations and management.  Activities associated with Airport are responsible for $500million GDP annually. The Thunder Bay Airport remains the only one of Canada's top 26 airports that has no passenger departure fee, saving passengers $10-$25 per flight.

SOURCE SkyPower Corp.