TORONTO, Feb. 13, 2012 /CNW/ - Sprott Power Corp. ("Sprott Power")
(TSX:SPZ), a developer, owner and operator of renewable energy
projects, in conjunction with its partner Firelight Infrastructure
Partners L.P., are pleased to announce that the last of the 15 wind
turbines was installed at the Amherst project site. The construction
team will now focus on the completion of the transformer station and
the commissioning of the turbines, which is anticipated to be completed
in March. The Amherst project is a 31.5 Megawatt facility that will
provide almost 100 GWh of renewable energy for Nova Scotia residents on
an annual basis. This is enough power for 10,000 homes.
"We are on schedule to have some of the turbines generating power and
revenue by the middle of March and all turbines commissioned by the end
of March," said Don Bartlett, Chief Operating Officer of Sprott Power.
"Don and his team were instrumental in delivering this very important
project on budget and ahead of schedule for our shareholders," added
Jeff Jenner, President and CEO of Sprott Power. "Sprott Power's
operational assets under management will increase from 46 MW to 77 MW
with the completion of the Amherst project. Once the Amherst project is
fully operational, Sprott Power's gross revenues and cash flows will
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 www.firelightlp.com.
Certain 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 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
SOURCE Sprott Power Corp.
For further information:
Jeff Jenner, CA, CBV
President and Chief Executive Officer
Sprott Power Corp.
416-815-0700 ext. 264