Marathon Capital, LLC Retained By SkyPower Corp for Sales Process - Bids Due October 5th, 2009



    BANNOCKBURN, IL, Sept. 9 /CNW/ - Marathon Capital, LLC is pleased to
announce it has been retained by SkyPower Corp., a Lehman Brothers Company,
one of the leading independent renewable energy developers in Canada, in the
sale of its Development Business comprised of all of SkyPower's wind and solar
operating and development assets. Additionally, Marathon is advising on the
separate but concurrent sale of SkyPower's inventory of 134 GE 1.5xle wind
turbines (201MW). Marathon believes this process, which is now underway,
represents an extraordinary opportunity to acquire a significant wind and
solar development platform as well as certain fully developed and late-stage
assets. Separately the Company's turbine inventory represents substantial
value relative to the comparable primary market for wind turbines.
    SkyPower has an extensive pipeline of renewable projects and established
relationships across Canada among all levels of government and with numerous
First Nations. SkyPower is also well positioned to benefit from recent
government sponsored renewable programs like the Ontario FIT (Feed in Tariff
Program) which is expected to be launched in the next few weeks. The Company
has developed 27.0 MW of operating wind projects and 9.0 MW of near operating
solar projects. The Company has a truly robust development pipeline which
includes 112.5 MW of projects which will move into construction in 2010; over
2,900 MW of advanced wind and solar development projects with a significant
concentration in the strategic Ontario market, and over 5,000 MW of early
stage wind and solar projects at varying stages of development. The Company
boasts sizable Ontario exposure including 72 MW of Wind and 82 MW of Solar
Power Purchase Agreements with the Ontario Power Authority (OPA) under its
Renewable Energy Standard Offer Program (RESOP). Early in 2009 SkyPower was
awarded an additional 64.5MW Power Purchase Agreement in Ontario for a key
project in its portfolio. Additionally, SkyPower has secured significant land
rights through various landowner, crown land, and First Nations agreements,
including over 850,000 acres in the Ontario market alone and access to up to 6
million acres of land across Canada.
    In order to facilitate the transition through a sale process, the
Company, filed on August 12, 2009 for restructuring under the terms of the
Companies' Creditors Arrangement Act (CCAA). The court approved the sales
process on August 25th, 2009. The process will allow a buyer of any of the
Company's assets to purchase the assets free and clear of encumbrances
pursuant to an Order of the Court. Qualified purchasers, subject to the
execution of a Non Disclosure Agreement, will receive a Confidential
Investment Memorandum, comprehensive financial models and information, access
to an extensive data room and a management presentation. The binding bid date
for SkyPower's development business is October 5, 2009, as is the binding bid
date for the turbine inventory.
    Parties interested in participating in either process should immediately
contact Robert Stefani or Ted Brandt at Marathon Capital at 847-574-2670 or
e-mail to Skypower@marathon-cap.com.

    About Marathon Capital, LLC

    Marathon Capital is an experienced investment banking firm focused on the
global energy and infrastructure markets, with expertise in renewable energy
investment and renewable energy finance. Marathon is headquartered in
Bannockburn, Illinois and maintains offices in New York City and San
Francisco.





For further information:

For further information: visit Marathon's website: www.marathon-cap.com
or call (847) 574-2670

Organization Profile

SkyPower c/o SkyPower Services ULC

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MARATHON CAPITAL, LLC

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