The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Sprott Power Corp. Announces Completion of First Wind Turbine at its Amherst Wind Farm Project

Monday, December 12, 2011

Sprott Power Corp. Announces Completion of First Wind Turbine at its Amherst Wind Farm Project16:45 EST Monday, December 12, 2011TORONTO, Dec. 12, 2011 /CNW/ - Sprott Power Corp. ("Sprott Power") (TSX: SPZ), a developer, owner and operator of renewable energy projects, is pleased to announce a major milestone at its Amherst wind power project in conjunction with its partner, Firelight Infrastructure Partners L.P.  Yesterday the construction of the first of the fifteen wind turbines on the site was completed.  The balance of the wind turbines are in various stages of construction and the project is on schedule to be completed in the first quarter of 2012.  The Amherst project is a 31.5 Megawatt facility which will provide almost 100 gigawatt hours ("GWh") of renewable energy for Nova Scotia residents on an annual basis, generating enough electricity to power 10,000 homes."We are pleased with the recent construction progress at the Amherst site.  This will help us maintain our target in-service date of March 31, 2012," said Jeff Jenner, President and CEO of Sprott Power.  "To date the fourth quarter of 2011 has also provided Sprott Power with better than expected energy production from our operational assets in Nova Scotia and Ontario.  On an annualized basis these assets should match the 115 GWh's generated in the twelve months ended December 31, 2010."About Sprott Power Corp.Sprott Power is a publicly-traded (TSX:SPZ) Canadian-based company dedicated to the development, owning and operating of renewable energy projects. Through project development efforts, acquisitions, partnerships and joint ventures, Sprott Power provides its shareholders with income and growth from the renewable power generation sector of the energy industry.About Firelight Infrastructure Partners L.P.Firelight Infrastructure Partners is a Canadian partnership that invests in North American renewable energy projects including wind, hydro and solar. Firelight partners with experienced developers to provide the capital necessary to develop, construct and operate high quality renewable energy projects.  For more information on Firelight, visit StatementsCertain information contained in this press release may constitute "forward-looking information" which reflect the current expectations of Sprott Power and Firelight. This information reflects Sprott Power's and Firelight's current beliefs with respect to future events, including electricity generation, and are based on information currently available to management. Forward-looking information involves significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking information including, without limitation, the risks listed under the heading "Risk and Uncertainties" in Sprott Power's Management's Discussion and Analysis of Financial Results dated June 13, 2011. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking information contained in this release. Although forward-looking information contained in this release is based upon what Sprott Power and Firelight believe to be reasonable assumptions, management cannot assure investors that actual results, performance or achievements will be consistent with this forward-looking information. The forward-looking information is made as of the date of this release and Sprott Power and Firelight do not assume any obligation to update or revise it to reflect new events or circumstances, except as required by law.For further information: Jeff Jenner, CA, CBV President and Chief Executive Officer Sprott Power Corp. 416-943-6387           Babak Pedram Investor Relations The Equicom Group 416-815-0700 ext. 264