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  • OSEA: Centerbridge completes acquisition of wind turbine manufacturer Senvion
    Senvion Hamburg London The wind turbine manufacturer Senvion SE Senvion previously part of the Indian group Suzlon Energy Limited Suzlon has changed owners Centerbridge Partners L P Centerbridge through its Centerbridge Capital Partners private equity investing strategy has successfully completed the acquisition of Hamburg based Senvion All the necessary administrative legal and financial preparations for the transfer of ownership are now completed The relevant antitrust authorities have approved the transaction Andreas Nauen CEO of Senvion said We are very excited to welcome Centerbridge as our strong new partner Together we will take even greater advantage of our potential in the wind energy market With its leading product portfolio market position and by leveraging Centerbridge s strong network Senvion is now very well placed to benefit from the continued shift towards renewable energy and to continue our course of profitable growth We will continue to expand our onshore market share both in our top five markets of Germany the UK Australia Canada and France and in other target markets and will also cement our strong position in the offshore market Stefan Kowski Managing Director at Centerbridge said Senvion is a highly innovative company with outstanding technology a leading market position and an experienced committed workforce and strong prospects By working closely with the management we want to help to further accelerate the company s growth plans by investing in product development service excellence and expansion in new markets Facts on the acquisition Senvion will remain headquartered in Hamburg Germany Following the completion the Supervisory Board members mandated by the old owner have stepped down from their positions The new Supervisory Board consists of four shareholder representatives Stefan Kowski Steven M Silver Todd Morgan and Martin Skiba and two present employee representatives Bernhard Band and Thomas Rex Senvion put in place a

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  • OSEA: Oxford Community Energy Co-op achieves full fundraising target
    ownership in the Gunn s Hill Wind Farm project has now been achieved Our membership has shown real confidence in the Oxford Community Energy Co operative and also in the recent project approval announcement made by the Ministry of Environment and Climate Change The Co op s membership have now committed the 8 9 million in investments required to move this renewable energy project forward says Helmut Schneider President of the Oxford Community Energy Co operative Achieving the required funding for 49 ownership maximizes the return on investment to OCEC and its investors 30 of the funds raised belong to Oxford County residents and we are pleased with this strong show of support The Oxford Community Energy Co operative represents a new and growing investment model for renewable energy projects that will return profits generated back to the membership boosting the positive impact to the local community We are eager to get the Gunn s Hill Wind Farm built and operating as soon as possible says Schneider The Wind Farm will contribute 500 000 over twenty years to fund needed local community projects The sooner the turbines are operating the sooner we will be investing the yearly 25 000 in

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  • OSEA: Members of the Ontario Sustainable Energy Association applaud the Wynne government for taking action to curb pollution
    incentivizing others to follow in their footsteps Cap and Trade is one of the tools governments have at their disposal to place a price on carbon to reduce emissions It is important to recognize that every tool is only as good as the way it is being utilized So far the Ontario government has not released any details on how the Ontario cap and trade system will function or how it is going to be structured and this will be a critical question in the weeks and months to come Nicole Risse continues To ensure that the Ontario cap and trade system is successful it will be important that the desired outcomes are clearly defined that mechanisms are put in place to measure the outcomes and that ambitious reduction targets are set Moreover it will be important that the system is transparent and feasible and that the implementation and oversight of the market is cost effective so that the majority of the revenues generated can indeed be invested in sustainable initiatives such as public transportation renewable energy projects energy efficiency and conservation With its diverse membership representing all facets of sustainable energy technologies OSEA is well positioned to provide valuable input and expertise to the public and private sectors when they are looking for ways to cut their emissions Paul Frith of Geosource Energy Inc an Ontario geothermal drilling company explained We are excited about the opportunities that will arise from this important step Our goal has been to make geothermal energy available and affordable for all potential business owners We look forward to working with the Ontario Government and businesses who are looking at Geothermal as a solution to reduce their carbon emissions Jan Buijk of EPS AB Energy Canada Ltd a leader in cogeneration systems adds Combined Heat

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  • OSEA: Multi-stakeholder Alliance welcomes Ontario commitment to price and reduce carbon emissions
    to as large a share of Ontario s emissions as possible The system should be fair to those who may be disproportionately impacted such as low income families and workers It must also be fair to companies that have taken early action and address impacts to energy intensive trade exposed industries Revenues from carbon pricing should be dedicated to supporting complementary policies to reduce carbon emissions and to adapt to the impacts of climate change The diverse members of this alliance have united because we know that pricing carbon is a critical component of any credible strategy to address climate change Cap and trade is working in other North American jurisdictions And the experiences of those jurisdictions prove that climate action and a strong economy go together says Tim Gray Executive Director of Environmental Defence It s great to see Ontario joining with the many jurisdictions moving forward on this front Holcim Canada believes that tackling climate change requires putting a price on carbon Market based mechanisms have been proven to be effective at reducing global warming emissions And they ensure the required flexibility to reduce emissions at the lowest possible cost We re already operating under Quebec s cap and trade program It makes great sense for Ontario to link with Quebec and join a proven system that s already working says Ruksansa Mirza of Holcim Canada There is a pressing need to address climate change And if the revenues from carbon pricing are reinvested in Ontario s economy we can create a lot of jobs and build things we want and need like more transit more renewable energy and more energy efficient industry says Ken Neumann Canadian National Director of the United Steelworkers At its deepest level climate change is an important and urgent health issue In that

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  • OSEA: Gunn’s Hill Wind Farm Receives Environmental Approval
    Energy Co op to manage this important project We are confident that we are offering a long term sustainable project for our community Investment opportunities in community owned projects that have significant environmental and economic benefits are rare and are sought after by investors Juan Anderson Vice President of Prowind Canada adds We are pleased to be advancing a project that is supported by a large number of local investors that will use made in Ontario equipment that will give 500 000 over twenty years back to the community for local projects and that will power the equivalent of over 6000 homes with renewable energy Alan Dale Vice President of OCEC states The Oxford Community Energy Co operative offers Renewable Energy investment opportunities in a local project whose costs are known where revenues are predictable for twenty years and whose rates of return continue to be some of the highest available in Ontario OCEC is able to own up to 49 of the project and is making its final call for investment Ten year bonds are offered at 5 5 twenty year preferred shares projected at 10 return are also available Interested members of the public are encouraged to visit www oxford cec ca and register for our April 16 2015 investor information session to be held at the Woodstock Museum 466 Dundas St Woodstock ON Construction may begin as early as July 2015 The project is expected to create over 200 jobs during the construction phase and source significant amounts of construction material from local suppliers About OCEC Oxford Community Energy Co operative Inc is a renewable energy co op based in Oxford County with its office in Woodstock Ontario The OCEC was specifically developed to invite the local community to own up to 49 of the Gunn s

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  • OSEA: 50 plus organizations unite to support climate action in Ontario
    with over 50 other organizations businesses health advocates farmers and others to create the Clean Economy Alliance The Alliance which just launched today has united under some common principles to support Ontario s commitment to climate action and to make some suggestions for how Ontario should proceed We ve come together because addressing climate change can benefit our economy and failing to address climate change would be very costly Climate change has been called the single largest threat to the global economy which is why the World Bank says a 4 degree world must be avoided On the other hand efforts to combat climate change will create new jobs and new business opportunities Indeed in the opinion of analysts at McKinsey Company it is nothing less than the largest business opportunity in a century Addressing climate change will also lead to cleaner air and better health outcomes These issues public health and climate action are mutually reinforcing For example the closure of Ontario s coal plants is the single largest climate initiative in North America but it was also a huge win for public health In 2005 there were over 50 smog advisories in this province Last year there were none And efforts to address climate change can also help us find the motivation and resources to address other pressing issues For example money raised by putting a price on carbon can be used to fund things we want and need like public transit The Clean Economy Alliance has come together because we know that tackling climate change will make things better Some may claim that addressing climate change is too costly and it will tank the economy But the evidence just does not bear this out Study after study shows how addressing climate change can strengthen the economy British

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  • OSEA: Sumac Ridge Approved by Environmental Review Tribunal
    application The decision was released today Sumac Ridge will be located within the former Township of Manvers in the City of Kawartha Lakes A 40 million development with strict domestic content requirements the Sumac Ridge project will bring an estimated 200 jobs to the area during construction wpd is committed to using competitively priced local labour and services as much as possible Once constructed the Sumac Ridge project will feed an estimated 26 497 200 kWh of clean renewable energy annually into the electricity grid this is equivalent to the average annual power use of 1 514 homes We re obviously pleased with the decision from the ERT said wpd Canada President Ian MacRae Sumac Ridge has gone through months of review and scrutiny both through the Ministry of Environment approval process and the ERT appeal The Sumac Ridge REA was submitted to the Ministry of the Environment and Climate Change MOECC on June 28 2012 After undergoing a thorough review for over 17 months the REA was granted by MOECC Director in December 2013 Wind energy projects granted an REA can be appealed to the ERT The appeal for Sumac Ridge was filed on December 23rd 2013 Hearings began mid January 2014 Forty three witnesses testified over the course of fourteen days of evidence before final arguments were made on January 23rd 2015 The parties appealing the approval argued that Sumac Ridge would harm both the natural environment and human health and called witnesses to support their position added MacRae The independent panel reviewed all the evidence and in the end did not agree and we re now in a position to move forward with Sumac Ridge wpd Canada is based in Mississauga and employs a growing number of Canadian professionals active in wind energy project development in Ontario

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  • OSEA: Samsung, Pattern Energy and Six Nations Complete Wind Energy Project in Ontario
    We would like to thank the Six Nations and the community of Haldimand for their support We re proud to bring our proven technology to the Grand Renewable Wind project and to continue to provide Ontario with jobs economic growth and affordable and sustainable wind energy said Jacob Andersen Head of Wind Power Renewables Siemens Canada Limited Grand Renewable Wind utilizes 67 Siemens 2 3 MW wind turbines with blades and towers that were made in Ontario Siemens turbine blade facility in Tillsonburg manufactured the blades for the project and CS Wind s facility in Windsor used Ontario made steel to manufacture the turbine towers The Grand Renewable Wind facility had more than 500 workers on site during peak construction and created 12 full time permanent positions for ongoing operations and maintenance Over 98 of the workforce was comprised of workers from Ontario which were involved in every aspect of the project from manufacture and assembly of the wind turbine components to site construction installation work and project operations Altogether Samsung and Pattern Energy s wind power projects in Ontario are creating thousands of manufacturing and construction jobs contributing significant property taxes in host communities and providing millions of dollars for schools and important community projects In a historic first for Ontario Samsung and Pattern Energy have entered into an equity partnership with Six Nations of the Grand River The Six Nations community owns 10 of the Grand Renewable Wind project Samsung and Pattern Energy also provided a 400 000 donation to the Grand River Post Secondary Education Office which will increase opportunities for Six Nations students Acting on their commitment to make a positive impact in their project communities Samsung and Pattern Energy have introduced the more than 15 million Community Vibrancy Fund for Haldimand County The fund will support local community environment health and wellness initiatives The fund will provide a stable source of support over the next 20 years The electricity from Grand Renewable Wind which is helping Ontario reach its clean energy goals is committed to the Independent Electricity System Operator IESO under a 20 year power purchase agreement About Samsung Renewable Energy Inc Samsung Renewable Energy is creating clean renewable energy for generations to come Together with our partners Samsung is making a 5 billion investment in Ontario to create the world s largest cluster of wind and solar power Our investments will create 900 direct renewable energy manufacturing jobs and 9 000 high skilled jobs in Ontario Built on Samsung C T s commercial and technical expertise and the success of its renewable energy projects in several countries including the United States and Europe Samsung is creating real jobs through real investment benefitting real people For more information please visit www samsungrenewableenergy ca About Pattern Energy Pattern Energy Group Inc Pattern Energy is an independent power company listed on the NASDAQ PEGI and Toronto Stock Exchange PEG Pattern Energy has a portfolio of 12 wind power projects with a total owned interest of 1

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