SkyPower Wind Energy Fund LP Provides 2006 Tax Information

    TORONTO, March 22 /CNW/ - SkyPower Wind Energy Fund LP (the
"Partnership") announces its 2006 tax information that is intended to assist
Unit Holders in completing their 2006 income tax return.
    The following table summarizes information on the 2006 loss of the
Partnership allocated to Unit Holders on a per unit basis:

                           Federal T5013 - Box 18   Quebec Relevé 15 - Box 1
                                 (per unit)                  (per unit)
    Net Business Loss
     (per unit)                         ($0.26153)                 ($0.26153)

    The loss per unit of $0.26153 allocated to Unit Holders for 2006
represents approximately 2.6% of the original purchase price of $10.00 per
Partnership unit.
    Federal T5013 and Quebec Relevé 15 tax slips for the 2006 tax year will
be prepared and provided by the Investment Dealer through which Unit Holders
hold their units of the Partnership.  The Relevé 15 is only relevant for Unit
Holders that are required to file a Québec income tax return for 2006. This
information is required to be reported to Unit Holders no later than March 31,
2007. If you do not receive the tax information by this date, please contact
your Investment Advisor directly.

    About SkyPower Wind Energy Fund LP

    The Partnership has invested in the common shares, including flow-through
shares, of Terrawinds Resources Corp. ("Terrawinds"), a Canadian corporation
that will construct and operate approximately 114 wind turbines, including up
to 22 test wind turbines (the "CRCE Phase") for purposes of conducting a
120-day test (the "Test") and, if successful, construct and operate the
balance of the 114 wind turbines (the "Infill Phase") to create a 171MW wind
energy project near Rivière-du-Loup, Québec (the "Facility"). The Facility
will generate electricity for sale to Hydro-Québec pursuant to a 21-year power
purchase agreement (the "Power Purchase Agreement").

    Certain statements included in this news release constitute
"Forward-Looking Statements" within the meaning of the Securities Act
(Ontario). Such forward-looking statements involve unknown risks,
uncertainties and other factors including risks of the financial viability of
the Facility, risks in obtaining permits, authorizations, rights-of-way and
approvals required for construction, construction risks, possible failure of
the test phase, risks relating to the Power Purchase Agreement, requirement
for additional financing, failure to obtain statutory or other relief from
certain taxes payable by Terrawinds, availability of government incentive
programs for wind facilities, variable wind resource and associated wind
energy production, turbine design and local climatic conditions, risks
relating to interconnection, reliance on key suppliers and one customer and
regulatory risks. These risks and uncertainties as well as additional
information are outlined in the Partnership's Third Quarter Report and other
continuous disclosure documents available on These risks may
cause the actual results, performance or achievements of the Partnership to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.

For further information:

For further information: David Bacon, Vice President, Finance (416)
979-4625 of SkyPower I GP Inc., General Partner to the SkyPower Wind Energy
Fund LP (

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