OTTAWA, June 9 /CNW Telbec/ - Export Development Canada (EDC) today
announced that it guaranteed $750,000 in private-sector financing for
Endurance Wind Power Inc. (Endurance), a British Columbia company that
manufactures wind turbines.
"EDC actively supports green technology wherever we can, so the
opportunity to apply EDC's domestic capacity towards Endurance Wind Power was
very appealing," said Stephen Poloz, Senior Vice-President, Financing Group,
EDC provided a guarantee to HSBC Bank Canada facilitate a $1.5 million
term facility that will support Endurance's acquisition of Energie PGE.
Glenn Johnson President and CEO of Endurance added "the relationship with
EDC and HSBC Bank Canada has not only allowed us to grow organically, it has
enabled the acquisition of Energie PGE which sets the stage for Endurance to
be the market leader in the 0-100kw space in North America."
EDC underwrote more than $450 million in business volume in the green
technology sector in 2008.
Endurance Wind Power Inc. is a North American producer of a complete line
of small to mid size induction generator, grid-connected (inverterless) wind
turbines. They are one of the only manufacturers in the world to offer a suite
of products that are built to safety and performance standards of large
utility-scale multi-MW turbines. Through their extensive North American
distribution network, Endurance can provide best in class wind machines to
both US and Canadian markets. For more information visit
www.endurancewindpower.com or call 1-888-440-4451.
EDC is Canada's export credit agency, offering innovative commercial
solutions to help Canadian exporters and investors expand their international
business. EDC's knowledge and partnerships are used by more than 8,300
Canadian companies and their global customers in up to 200 markets worldwide
each year. EDC is financially self-sustaining, a recognized leader in
financial reporting and economic analysis, and has been recognized as one of
Canada's Top 100 Employers for eight consecutive years.
For further information:
For further information: Phil Taylor, Export Development Canada, (613)
598-2904, Blackberry: firstname.lastname@example.org