TORONTO, April 16, 2012 /CNW/ - Sprott Power Corp. (TSX: SPZ) ("Sprott
Power" or "the Company"), an owner, operator and developer of renewable
energy projects, in conjunction with its partner, Firelight
Infrastructure Partners L.P., is pleased to announce the substantial
completion of its Amherst wind power project in Cumberland County, Nova
Scotia. The first turbine was operational on March 26th and the last turbine will be operational this week. The project has
already generated approximately 3 gigawatt hours of renewable
The Amherst I project will almost double the Company's annual gross
capacity under management to 215 gigawatt hours. The 31.5 megawatt
facility is expected to provide almost 100 gigawatt hours of renewable
energy for Nova Scotia residents on an annual basis, which represents
enough electricity to power 10,000 homes.
"This is an exciting time for Sprott Power as we complete our first
internally developed and constructed project. The Sprott team
delivered the Amherst project on time and on budget," said Jeff Jenner,
President and CEO of Sprott Power. "The successful completion
demonstrates the high level of performance of our staff along with the
tremendous support that our construction partners provided."
"We would like to thank our landowners, the Government of Nova Scotia,
the Municipality of Cumberland County, the Town of Amherst, Nova Scotia
Power, and all the local businesses and residents for the support they
provided us over the last year to make this project a success", added
Don Bartlett, COO of Sprott Power.
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 reflects the current expectations
of Sprott Power. This information, such as statements concerning
expected amounts of future electricity generation, among others,
reflects Sprott Power's current beliefs with respect to future events
and is 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 the Annual Information Form of the Company dated March 26, 2012.
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
believes 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
does not assume any obligation to update or revise it to reflect new
events or circumstances, except as required by law.
SOURCE Sprott Power Corp.
For further information:
Jeff Jenner, CA, CBV
President and Chief Executive Officer
Sprott Power Corp.
The Equicom Group
416-815-0700 ext. 264