SkyPower Wind Energy Fund LP Obtains Covenant Extension in respect of Senior Credit Facilities for the Terrawinds Project, Near Rivière-du-Loup, Québec



    TORONTO, Nov. 1 /CNW/ - SkyPower Wind Energy Fund LP (the "Partnership")
announced today that it has obtained an extension of the date by which it must
satisfy certain covenants under its senior secured credit facilities. As the
Partnership previously announced by press release on October 26, 2007, the
Partnership was to have obtained certain accommodations, amendments and
revisions to key agreements relating to the Terrawinds Wind Energy Project by
October 31, 2007 which, if not obtained, would have constituted a default
under the credit facilities. The date has been extended to December 31, 2007.

    About SkyPower Wind Energy Fund LP

    The Partnership has invested in the common shares, including flow-through
shares, of Terrawinds Resources Corp., a Canadian corporation formed for the
purposes of constructing and operating a 166MW wind energy project near
Rivière-du-Loup, Québec which would generate electricity for sale to
Hydro-Québec pursuant to a 21-year power purchase agreement.





For further information:

For further information: W. Judson Martin, Chairman of SkyPower I GP
Inc., General Partner of SkyPower Wind Energy Fund LP, at
judson_martin@hotmail.com

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