Trillium Power applauds Ontario Green Energy Act



    
    Initiative will strengthen the renewable power sector, launch new
    "green economy" era, create thousands of jobs, and attract economic
    investment, says CEO John Kourtoff
    

    TORONTO, Feb. 23 /CNW/ - Trillium Power Wind Corporation (Trillium Power)
strongly supports the Ontario Green Energy Act announced today at Queen's
Park.
    Toronto's Trillium Power Wind Corporation applauded the McGuinty
government for taking the leadership needed to transform Ontario into a 21st
Century economy. Company officials believe the Green Energy Act will reshape
Ontario's energy sector to allow green technology development and
implementation to flourish, and renewable power projects to get built in a
more reliable manner.
    Most importantly, the Act will build the foundation for Ontario to take
its place as a global leader in building and exporting the technology and
equipment that will deliver a clean, reliable green-energy future to power
consumers around the globe.
    "This proactive legislation is a bold, transformational step that will
provide the tools necessary to make Ontario a global green power leader.
Premier Dalton McGuinty and Energy Minister George Smitherman should be
applauded for putting this province on a path of innovation and economic
growth for the 21st Century," said John Kourtoff, President and Chief
Executive Officer of Trillium Power Wind Corporation. "This Act will establish
Ontario as a world leader in renewable energy development and rapidly improve
the infrastructure for building a green economy."
    Mr. Kourtoff added: "Ontario's economy has been hit hard by the worldwide
financial-system collapse and decline in demand from the United States. The
Green Energy Act will serve as a turning point in Ontario's economic history.
Future generations of economists and energy analysts will look back on this
Ontario-engineered Act and discover that it proactively moved Ontario to a new
paradigm that was good for the economy and good for the planet."
    Of particular interest to Trillium Power is the creation of criteria to
foster the development of offshore wind power. Along with solar and biomass
proposals, large offshore wind projects like those being developed by Trillium
Power are essential in building the green economy because their size provides
the critical mass to spinoff large-scale economic benefits. Offshore wind
projects can create thousands of long-term, well-paying jobs in manufacturing
and construction across Ontario.
    "The Ontario government clearly recognizes that you need to make a
long-term commitment to renewable energy in order to reap the economic
benefits of a green economy," Mr. Kourtoff said. "They are way ahead of the
game on this, and Ontarians are going to significantly benefit from this
transformational legislation."
    A recent report for the Ontario Power Authority on offshore wind
submitted to the Ontario Energy Board determined that there were 64 feasible
offshore wind development sites on the Ontario side of the Great Lakes that
could generate at least 34,500 MW of power using 5-MW turbines. That could
provide well over 60 years of continuous renewable energy development and
green-collar manufacturing employment for many thousands of Ontario workers.

    Trillium Power Wind Corporation is planning a 710 MW offshore wind
facility in the middle of Lake Ontario, 28 kilometres away from the mainland
of Prince Edward County, to take advantage of this wind-energy potential.
Known as Trillium Power Wind 1, the facility will power at least 300,000
typical homes annually in Ontario, and offset nearly 1.7 million tons of
carbon emissions each year. This amount of reliable green energy will greatly
assist Ontario's stated policy goal of closing its coal-fired plants by 2014.
    Trillium Power is sensitive to the aspirations and interests of local
communities in order to maximize the project's environmental, social and
economic benefits without affecting quality of life for those who live nearby.
Trillium Power is currently conducting a thorough environmental assessment of
the impact of the facility on the surrounding area, and company officials have
been in close contact with local residents, First Nations, and businesses to
keep them fully informed and consulted on all aspects of the project.
    Furthermore, Trillium Power helped form a partnership agreement with
nearby St. Lawrence College and the First Nations Technical Institute to
launch a training program last June for wind-turbine maintenance and
construction. This is one of many ongoing efforts to spread the benefits and
opportunities of the Lake Ontario project.
    "We believe that the development of Trillium Power Wind 1 will become the
catalyst for a significant increase in sustainable economic development and
innovative energy solutions, long-term 'green' new economy jobs in Ontario and
particularly in the local mainland areas of Eastern Ontario," Mr. Kourtoff
said. "It is gratifying to know we have such an enthusiastic and committed
partner in the Government of Ontario."
    Premier McGuinty and his government have shown leadership, courage and
vision by introducing the Green Energy Act. Trillium Power fully supports this
initiative and will put full effort with its first-class international
advisory team to ensure that Ontario remains a leader in renewable power
generation.
    Trillium Power looks forward to the opportunity to deliver the clean,
reliable power that Ontarians want. For more information, visit
www.trilliumpower.com.





For further information:

For further information: John Kourtoff, President & CEO, Trillium Power
Wind Corporation, (416) 461-8484, media@trilliumpower.com

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