Greengate Power Enters into Agreements with Vestas for Canada's Largest Wind Energy Project

CALGARY, June 9, 2011 /CNW/ - Greengate Power Corporation ("Greengate"), through its wholly-owned subsidiaries Blackspring Ridge IA Wind Project LP and Blackspring Ridge IB Wind Project LP, has entered into turbine supply and long-term service and maintenance agreements with Vestas-Canadian Wind Technology, Inc. ("Vestas") for its 300 MW Blackspring Ridge I Wind Project ("Blackspring Ridge I").

Greengate is expecting to begin construction on Blackspring Ridge I in 2012, with a target commercial operation date of 2013. Upon completion, Blackspring Ridge I is expected to be Canada's largest operating wind energy project.

Under the terms of the turbine supply agreements, Vestas will supply 166 of its V90-1.8 MW wind turbines for Blackspring Ridge I. Deliveries are expected to commence in Q3 2012. Blackspring Ridge I is currently permitted by the Alberta Utilities Commission for this model of Vestas wind turbine.

Pursuant to the terms of the long-term service and maintenance agreements, Vestas will provide ten years of service and maintenance for Blackspring Ridge I at a predetermined cost. The scope of these agreements covers all scheduled and unscheduled service and maintenance relating to the Vestas wind turbines at Blackspring Ridge I.

"Vestas is a world-class turbine manufacturer, and we are pleased to be working with them on this exciting project," said Dan Balaban, President and CEO of Greengate. "The V90-1.8 MW wind turbine is ideally suited for Blackspring Ridge I, and we expect this to result in the solid financial performance of this project."

About Greengate Power Corporation

Greengate is a privately held renewable energy project developer based in Calgary, Alberta, Canada. It is focused on the development of high quality wind energy projects across Alberta with access to existing transmission and supported by long-term, fixed-price agreements. Greengate is currently developing 1,550 MW of wind energy projects on approximately 200,000 acres of private land. Greengate's vision is to be Canada's largest pure-play renewable energy producer. For more information on Greengate, please visit


This news release contains forward-looking statements and forward-looking information (collectively "forward looking information") within the meaning of applicable securities laws. In particular, forward looking information in this news release includes, but is not limited to: statements with respect to the Blackspring Ridge I Wind Project and the Vestas V90-1.8 MW wind turbines. The forward-looking information is based on certain key expectations and assumptions made by Greengate, including expectations and assumptions concerning the development of its wind energy projects; the state of the economy and the cleantech business; business prospects and opportunities; the current regulatory and political environment; and existing financial commitments.. Although Greengate believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Greengate can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof and Greengate undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.

SOURCE Greengate Power Corporation

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Deekay Fox
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