SOURCE: Schneider Power Inc.

June 24, 2005 16:55 ET

Schneider Power Granted Ontario Electricity Generator License

TORONTO -- (MARKET WIRE) -- June 24, 2005 -- Schneider Power Inc. announced today that it has been granted an Electricity Generator License by the Ontario Energy Board.

With pre-construction efforts already underway, the 15 MW Providence Bay Wind Farm in the Township of Central Manitoulin is expected to be one of Ontario's first wind farms to be built in five years. The license authorizes Schneider Power to generate electricity and provide ancillary services for sale though the IMO-administered markets. The license shall take effect immediately and will be valid until 2025.

"It offers us the privilege, opportunity, and responsibility to give Ontario a greener future," said Thomas Schneider, President and CEO of Schneider Power. "We are ecstatic, excited and looking forward to bringing clean electricity online."

Schneider Power Inc. is one of Canada's leading privately owned wind power developers. Headed by the Chairman, Bernd Schneider, the family has over 110 years of experience in developing clean, renewable energy. Schneider Power is a leader in applying new environmentally friendly technologies and is a member of the United Nations Global Compact.

For more information, contact: Thomas Schneider, Schneider Power Inc. (416) 572-2140, or visit our website at www.schneiderpower.com

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