Fortis Merchant Banking Closes $75 Million Senior Secured Financing for AIM SOP Phase I LP Wind Farm



    CALGARY, Alberta, July 11 /CNW/ -- Fortis Merchant Banking today
announced it is leading a $75 million senior secured with AIM SOP Phase I LP,
a wholly owned sub of AIM Powergen Corporation ("AIM"). AIM is a wholly owned
subsidiary of Renewable Energy Generation, a publicly listed company on the
London Stock Exchange. The management team at AIM most recently developed the
99MW Erie Shores project.
    Fortis has structured, underwritten and will begin to syndicate the
credit facility, a 15-year Senior Secured Term Loan for the 40MW AIM SOP Phase
I LP wind farm located on the north shore of Lake Erie, Ont. Construction of
the project is complete and therefore the financing contains no construction
risk.
    Ontario Power Authority (Aa1-Stable) has provided a 20-year power
purchase agreement under the Renewable Energy Standard Offer Program. The
project uses the proven turbine technology of the Vestas V-82.
    "The AIM SOP Phase 1 LP transaction represents Fortis' commitment to the
renewable energy industry in North America. We are pleased to have worked with
the team at AIM and its advisors to provide a well structured project
financing," said Brad Crilly, Director, Global Energy-Fortis Merchant Banking.
    Mike Crawley, CEO of AIM Powergen commented, "Fortis was an excellent
partner in financing these projects and has a strong knowledge of renewable
energy projects."
    Syndication of the facility is expected to be launched within the next
few days.

    About Fortis Merchant Banking

    Fortis Merchant Banking provides high-value tailor-made services to
medium-sized companies, large corporations and institutional investors. As a
worldwide organization, we have developed special expertise in cash & treasury
management, debt, equity and structured finance, trading & financial risk
hedging, financial advisory and structuring. We serve commodity producers,
traders and distributors all over the world. We are a world leader in fund
administration, global custody, securities lending and clearing services.
Thanks to an integrated network, the Business combines the strength of an
international group with local expertise and proximity. Dedicated Relationship
Managers coordinate all banking facilities and can call on specialists in all
fields.

    About Fortis

    Fortis (Euronext Amsterdam: FORA / Brussels: FORB) is a global financial
services provider engaged in banking and insurance. We offer our personal,
business and institutional customers a comprehensive package of products and
services through our own channels, in collaboration with intermediaries and
through other distribution partners. As of June 30, 2008, Fortis has a market
capitalization of EUR 23.9 billion (USD 37.7. billion). Together with ABN
AMRO, we have a presence in over 50 countries and a dedicated, professional
workforce of more than 85,000. More information is available at
www.fortis.com.

    
    Media Contact:  Amy Rosenberg
                    (212) 850-5615

    




For further information:

For further information: Amy Rosenberg of FD, +1-212-850-5615, for
Fortis Merchant Banking Web Site: http://www.fortis.com

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FORTIS MERCHANT BANKING

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