Schneider Power Inc.

Schneider Power Inc.

September 18, 2007 10:24 ET

Schneider Power Celebrates Phase II Groundbreaking of Manitoulin Island Wind Farm

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2007) -

Attention: News/Business Editors

On Saturday September 15th, Schneider Power Inc. celebrated the dedication and phase two groundbreaking of their new wind farm project on Manitoulin Island. Thomas Schneider, CEO, Schneider Power Inc. was joined by Brent St. Denis, MP Algoma-Manitoulin-Kapuskasing, Mike Brown, MPP Algoma-Manitoulin and Richard Stephens, Reeve, Central Manitoulin at the ceremony.

"We were honoured to be joined at our celebration by so many members of the community. The support and involvement of the community has been invaluable to the success of this project. Schneider Power remains dedicated to generating clean, environmentally-friendly electricity and we are proud of this world-class project at Providence Bay."

Brent St. Denis, MP, Algoma-Manitoulin-Kapuskasing agreed, "I would like to congratulate Thomas Schneider and Schneider Power on this eventful groundbreaking and dedication ceremony here in Manitoulin. Renewable resources are vitally important and the Providence Bay wind farm will continue to be a great addition to our community."

The Providence Bay/Spring Bay Wind Farm is a small-scale, low-impact wind farm near Providence Bay & Spring Bay on Manitoulin Island, Ontario. It is approximately 400 acres and currently has 2 Enercon wind turbines with a unit generating capacity of 800 kW each. The wind farm's second phase will see the installation of an additional three 2.3 Megawatt machines. The total generation capacity will be up to 10 MW.

The wind farm features a public information centre with information and learning materials on renewable energy, wind farm operations and energy conservation.

"We are pleased that Schneider Power has chosen our municipality for its latest wind farming generation project. It's something we support and will continue to support along with other Schneider ventures," said Richard Stephens, Reeve of Central Manitoulin.

Schneider Power Inc. is one of Canada's leading pure-play developers and owners of wind power projects. With an experienced management team, in-house development capabilities and access to wind turbines, the company has been able to successfully take advantage of the significant increase in Government calls for renewable electricity generation.


This news release may contain forward-looking statements. Forward-looking statements include, but are not limited to, statements about our operations, financial condition, strategies and outlook of Schneider Power Inc. ("SPI"). A forward-looking statement is subject to inherent risks and uncertainties that may be general or specific. A variety of factors, many of which are beyond SPI's control could cause actual results to differ materially from the expectations expressed in SPI's forward-looking statements. Readers should not place undue reliance on SPI's forward-looking statements. SPI does not undertake to update any forward-looking statement in this news release.

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