MW Coast Mountain Power Corp

Macquarie Power & Infrastructure Income Fund (TSX:MPT.UN)(TSX:MPT.DB.A) ("MPT")
and SunPower Corp. (NASDAQ:SPWRA)(NASDAQ:SPWRB) ("SunPower") today announced an
agreement for MPT to acquire a 20-megawatt ("MW") solar photovoltaic ("PV")
power project (the "Amherstburg Solar Park") in Amherstburg, Ontario to be
designed, built and operated on behalf of MPT by SunPower. 


The approximate $130 million project will be primarily funded by a syndicate of
international lenders with approximately $33 million of equity to be contributed
by MPT upon the start of commercial operations, which is anticipated to be in
June 2011. When completed, the Amherstburg Solar Park will be one of the largest
solar power facilities in Canada and is expected to produce approximately 37,600
megawatt hours ("MWh") of electricity annually, which is enough to power
approximately 4,000 homes. Construction of the Amherstburg Solar Park is
expected to start immediately using local resources and is expected to create up
to 100 jobs in the County of Essex.


"The Amherstburg Solar Park is an excellent addition to MPT's existing portfolio
of low-risk, stable power infrastructure assets. It also offers important
environmental and local economic benefits while supporting the Province of
Ontario's green energy mandate," said Michael Bernstein, president and chief
executive officer of MPT. "SunPower's solar power expertise and superior
technology, plant design and construction are proven globally. When completed,
the Amherstburg Solar Park will contribute to MPT's long-term cash flow
stability." 


SunPower will complete the Amherstburg Solar Park under a fixed-price
engineering, procurement and construction contract. SunPower will also provide
operations and maintenance services for the facility under a 20-year contract.
Electricity generated by the facility will be sold under the Province of
Ontario's Renewable Energy Standard Offer Program to the Ontario Power Authority
at a guaranteed price of $420 per MWh for the next 20 years. For the first two
years of commercial operations, SunPower will financially support the
performance of the facility at the expected production. 


"We are delighted to partner with MPT to help Ontario meet its growing
electricity demand with clean, locally produced power," said Howard Wenger,
president, utilities and power plants, for SunPower. "SunPower's high efficiency
photovoltaic technology is competitively priced for electric utility power plant
applications, fast to install and reliably delivers clean power during peak
demand periods." 


SunPower has more than 300 MW of solar PV power plants operating globally today,
including the largest operating solar PV plant in the United States, the 25 MW
DeSoto Next Generation Solar Energy Centre in Florida. The Amherstburg Solar
Park will use SunPower high-efficiency solar panels, which generate up to 50
percent more electricity than conventional solar panels and up to four times as
much power as thin-film solar technology. The Amherstburg Solar Park will also
use the proprietary single-axis SunPower(R) Tracker T20 system, which is
engineered to follow the sun during the day, increasing daily energy production
by up to 30 percent more than fixed-tilt installations thereby improving the
economics of solar power and reducing land-use requirements. SunPower tracking
systems have proven their operational performance over a wide range of weather
conditions, including winter environments. 


Solar power is a 100 percent renewable energy source without noise pollution or
harmful emissions. By reducing the purchase of fossil fuel-generated
electricity, the electricity generated by the project each year will reduce
emissions of carbon dioxide by approximately 27,003(1) tonnes, which is the
equivalent of the greenhouse gas emissions from more than 5,000 passenger
vehicles each year. 


"SunPower is very pleased to have completed the financing on this important
project, underscoring the bankability of our experience and established
technology," said Jean Wilson, vice president and general manager of North
American utility and power plants at SunPower. "Today, high-efficiency solar PV
technology is competitively priced for power plant applications. Financiers
understand that these parks make good business sense while serving local
communities with clean, renewable power."


(1) Source: U.S. Environmental Protection Agency's green power equivalency
calculator


Conference Call

MPT will hold a conference call at 4:15 p.m. Toronto time today to discuss the
project. The conference call will be accessible via webcast on MPT's website at
www.macquarie.com/mpt and by telephone at 416-340-8018 (Canada) or
1-866-223-7781 (North America). A replay of the call will be available until
July 6, 2010 by dialling 416-695-5800 or 1-800-408-3053 and entering the
passcode 5464124.


About Macquarie Power & Infrastructure Income Fund

Macquarie Power & Infrastructure Income Fund's mandate is to invest in core
infrastructure businesses in Canada and internationally. MPT aims to acquire and
actively manage a high quality portfolio of long-life infrastructure businesses
that will generate sustainable, long-term distributions and an attractive total
return for investors. MPT's portfolio currently includes investments in gas
cogeneration, wind, hydro and biomass power generating facilities, representing
approximately 350 MW of installed capacity. MPT is managed by an affiliate of
Macquarie Group Limited. Please visit www.macquarie.com/mpt for additional
information.


About SunPower 

Founded in 1985, SunPower Corp. (NASDAQ:SPWRA)(NASDAQ:SPWRB) designs,
manufactures and delivers the planet's most powerful solar technology broadly
available today. Residential, business, government and utility customers rely on
the company's experience and proven results to maximize return on investment.
With headquarters in San Jose, Calif., SunPower has offices in North America,
Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.


MPT's Disclaimer

Macquarie Power & Infrastructure Income Fund is not an authorised deposit taking
institution for the purposes of the Banking Act (Cth) 1959 and Macquarie Power &
Infrastructure Income Fund's obligations do not represent deposits or other
liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not
guarantee or otherwise provide assurance in respect of the obligations of
Macquarie Power & Infrastructure Income Fund. 


This news release is not an offer or invitation for subscription or purchase of
or a recommendation of securities. It does not take into account the investment
objectives, financial situation and particular needs of the investor. Before
making an investment in the Fund, the investor or prospective investor should
consider whether such an investment is appropriate to their particular
investment needs, objectives and financial circumstances and consult our
investment adviser if necessary. 


Certain of the statements contained in this news release are forward-looking and
reflect management's expectations regarding the Fund's future growth, results of
operations, performance and business based on information currently available to
the Fund. Forward-looking statements are provided for the purpose of presenting
information about management's current expectations and plans relating to the
future and readers are cautioned that such statements may not be appropriate for
other purposes. These statements use forward-looking words, such as
"anticipate", "continue", "could", "expect", "may", "will", "estimate",
"believe" or other similar words. 


These statements are subject to significant known and unknown risks and
uncertainties that may cause actual results or events to differ materially from
those expressed or implied by such statements and, accordingly, should not be
read as guarantees of future performance or results. The forward-looking
statements in this news release are based on information currently available and
what the Fund currently believes are reasonable assumptions, including the
material assumptions for each of the Fund's assets set out in the Fund's 2009
Annual Report under the heading "Outlook" on page 42, as updated in subsequently
filed Quarterly Financial Reports of the Fund (such documents are available on
the Canadian Securities Administrators' System for Electronic Document Analysis
and Review ("SEDAR") at www.sedar.com). Other material factors or assumptions
that were applied in formulating the forward-looking statements contained herein
include the assumption that the business and economic conditions affecting the
Fund's operations will continue substantially in their current state, including,
with respect to industry conditions, general levels of economic activity,
regulations, weather, taxes and interest rates and that there will be no
unplanned material changes to the Fund's facilities, equipment and contractual
arrangements. Although the Fund believes that it has a reasonable basis for the
expectations reflected in these forward-looking statements, actual results may
differ from those suggested by the forward-looking statements for various
reasons, including risks related to: power infrastructure (operational
performance; power purchase agreements; fuel; contract performance; default
under credit agreements; land tenure and related rights; regulatory regime and
permits and force majeure) and the Fund (changes in federal tax rules for flow
through entities;

other tax related risks; variability of distributions; geographic concentration
and non-diversification; dependence on the Manager and potential conflicts of
interest; insurance; environmental, health and safety regime; availability of
financing; unitholder dilution; volatile market price for units; international
financial reporting standards; nature of units; unitholder liability). For a
more comprehensive description of these and other possible risks, please see the
Fund's Annual Information Form dated March 25, 2010 for the year ended December
31, 2009 as updated in subsequently filed Quarterly Financial Reports and other
filings of the Fund with the Canadian securities regulators. These filings are
available on SEDAR at www.sedar.com. The assumptions, risks and uncertainties
described above are not exhaustive and other events and risk factors could cause
actual results to differ materially from the results and events discussed in the
forward-looking statements. These forward-looking statements reflect current
expectations of the Fund as at the date of this news release and speak only as
at the date of this news release. The Fund does not undertake any obligation to
publicly update or revise any forward-looking statements except as may be
required by applicable law.


SunPower's Disclaimer 

This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements are
statements that do not represent historical facts and may be based on underlying
assumptions. The company uses words and phrases such as "will," "to be,"
"anticipated," and "expected" to identify forward-looking statements in this
press release, including forward-looking statements regarding: (a) size of the
power project relative to other projects in Canada; (b) schedule of design,
construction and commercial operations for the project; (c) electricity
generation and performance guaranties; (d) environmental benefits; and (e) job
creation and other economic benefits. Such forward-looking statements are based
on information available to the company as of the date of this release and
involve a number of risks and uncertainties, some beyond the company's control,
that could cause actual results to differ materially from those anticipated by
these forward-looking statements, including risks and uncertainties such as: (i)
unanticipated construction difficulties or potential delays in the project
implementation process, including securing necessary permits, licenses or other
governmental approvals; (ii) the risk of continuation of supply of products and
components from suppliers; (iii) unanticipated problems with deploying the
system on the site; (iv) actual electricity generation; (v) the actual energy
consumption rate; (vi) unexpected changes in utility service rates; (vii)
variations in carbon dioxide emissions reductions; (viii) the continuation of
governmental and related economic incentives promoting the use of solar power;
and (x) other risks described in the company's Annual Report on Form 10-K for
the year ended January 3, 2010, and other filings with the Securities and
Exchange Commission. These forward-looking statements should not be relied upon
as representing the company's views as of any subsequent date, and the company
is under no obligation to, and expressly disclaims any responsibility to, update
or alter its forward-looking statements, whether as a result of new information,
future events or otherwise.

Coast Mountain Power Corp (TSXV:MW)
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Coast Mountain Power Corp (TSXV:MW)
過去 株価チャート
から 6 2023 まで 6 2024