SOURCE: Schneider Power Inc.

August 29, 2005 10:00 ET

Schneider Power Launches $550 Million Manitoba Wind Farm Development

TORONTO -- (MARKET WIRE) -- August 29, 2005 -- Schneider Power announced today that it has launched the first development phase of its wind farm project in Manitoba. The 60 MW Hillltop Wind Farm is the first of a new $550 million dollar three wind farm portfolio to be developed by the company.

Over the past six months, Schneider Power has made an effort to substantially increase its presence in central Canada by increasing the nameplate capacity of its planned Manitoba developments to more than 300 Megawatts. The Hilltop Wind Farm is located in the township of Clanwilliam, Manitoba, and is expected to be a 60 MW low-impact facility that will produce 160,000 megawatt-hours of electricity annually, enough to power an equivalent of 21,000 homes.

"Our discussions with the Province have given us the confidence to make a strong commitment to Renewables in Manitoba," said Schneider Power's chief executive Thomas Schneider. "This is the next step in building on a proven growth strategy and it brings us closer to our goal of 1,000 MW installed by 2009 -- more than double our previous production capacity," he said.

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.

Contact Information

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