PRESENTATION

200 projectsprojects+11000 MW under developmentMW under development

6Million acres of Million acres of land under land under optionoption

+ Industry leading suppliersIndustry leading suppliersand construction managementand construction management

Established inEstablished in2003Over employees, advisors & consultantsOver employees, advisors & consultants100OverOver

Across Canada, the U.S., Panama and IndiaAcross Canada, the U.S., Panama and India

SkyPowerSkyPower

DevelopsDevelops

FinancesFinances

ProcuresProcures

ConstructsConstructs

Owns and OperatesOwns and Operates

WindWind andand SolarSolar Power ProjectsPower Projects

Our Mission: Our Mission:

We are committed to meeting the growing worldwide demands for power by We are committed to meeting the growing worldwide demands for power by creating commercially viable renewable energy solutions. creating commercially viable renewable energy solutions.

Social Responsibility:Social Responsibility:

We are committed to developing renewable energy projects that We are committed to developing renewable energy projects that promote promote regional development and local partnerships that give back to regional development and local partnerships that give back to the the community.community.

Ecological Integrity: Ecological Integrity:

We are committed to utilizing renewable energy, such as wind and solar, to We are committed to utilizing renewable energy, such as wind and solar, to mitigate the negative environmental impacts of fossil fuelsmitigate the negative environmental impacts of fossil fuels

Commercial Viability: Commercial Viability:

We are committed to a business model that creates win-win economics for all We are committed to a business model that creates win-win economics for all projects partners.projects partners.

SkyPower has secured approximately 400 MW of Power SkyPower has secured approximately 400 MW of Power Purchase Agreements (PPA) for Renewable Energy Purchase Agreements (PPA) for Renewable Energy projects in Canadaprojects in Canada

WindWind Power Power 8 Renewable Energy Standard Offer Program (RESOP) contracts with Ontario Power Authority 8 Renewable Energy Standard Offer Program (RESOP) contracts with Ontario Power Authority

(OPA) totaling 72 MW(OPA) totaling 72 MW 64.5 MW PPA with OPA for recently awarded Byran Wind Project64.5 MW PPA with OPA for recently awarded Byran Wind Project 201 MW PPA with Hydro Quebec201 MW PPA with Hydro Quebec 30 MW PPA with Nova Scotia Power30 MW PPA with Nova Scotia Power 27 MW PPA with Newfoundland and Labrador Hydro27 MW PPA with Newfoundland and Labrador Hydro International projects under development in India and International projects under development in India and

the U.S.the U.S.

Solar PowerSolar Power 9 Contracts signed with OPA totaling 88.12 MW9 Contracts signed with OPA totaling 88.12 MW First Solar Farm under construction in Ontario (19MW)First Solar Farm under construction in Ontario (19MW) Additional 190 MW under development in OntarioAdditional 190 MW under development in Ontario Projects under development internationally Projects under development internationally

Hydro PowerHydro Power 83.5 MW Project under development in Panama83.5 MW Project under development in Panama

1) Find Basic Resources Land Wind Transmission Market Community & Municipal Support

2) Measure Wind: meteorological tower Environmental Feasibility

3) Assess Wind Resources (wind

engineers) Environmental Impacts

(scientists and environmental researchers) Community Awareness

(stakeholder engagement) Transmission (interconnection studies) Equipment Availability

(turbines in particular)

4) Development

Turbine Layouts Engineering Plans Public Consultation Interconnection Agreement Planning & Permitting Procurement Power Purchase Agreement Dismantlement Plan

There are many stages of development before a wind farm can be approved and built. Once a site has been selected for its good overall potential, work begins on several main tasks:

1.WIND ASSESSMENTScientists and engineers use meteorological masts to measure wind speed and other climatic conditions for at least one year. This data is then used to estimate how much energy the wind farm will produce.2.WIND FARM DESIGN

Wind data is combined with topographical information to design the wind farm. This data is used to model wind flow, turbine performance, sound levels and other parameters to optimize the location of the wind turbines. They also design the access roads, turbine foundations and local electric network, as well as the connection to the electricity grid.3.ENVIRONMENTAL STUDYEnvironmental assessments are conducted to identify any impacts on landscape, plants and wildlife, soil and water, land use or other activities such as aviation and telecommunications. If negative impacts are identified, the design is adjusted to avoid or mitigate them.

4. LAND ACQUISITIONEarly in the process, developers usually approach landowners to negotiate “option” agreements to use their land. As the project progresses, the developer will seek to convert the options into firm land lease agreements.

5. PERMITTING AND PUBLIC CONSULTATIONAs with any other major power project, developers must seek municipal, provincial and federal permits before the project can go ahead. They also meet the local communities to present the project, solicit their feedback and seek community support.

6. ECONOMIC AND FINANCIAL ANALYSISDevelopers must demonstrate the economic viability of their project to raise the funds to build the wind farm. On one hand, they work to estimate the cost of turbines and their installation, as well as roads, electrical system, operation and maintenance, etc. On the other hand, they estimate the income they will get from the energy production of the wind farm over the lifetime of the project. Then they make sure everything balances.

7. MANUFACTURINGThe wind turbine parts are manufactured and pre-assembled into the main components at the factory, then shipped to the wind farm site where the final assembly will take place.

8. SITE PREPARATIONIn the meantime, the crews have to prepare the site. They build access roads and clear the areas where turbines will be erected. They then prepare the foundations; do the excavating, followed by installing the formworks and pouring concrete.

9. CONSTRUCTIONOnce all components have been received, the assembly can take place. A crane is used to erect the tower and install the nacelle and rotor with its hub and blades. On the ground, the electrical collection network is installed and connected to the grid through the substation.

  

10. COMMISSIONINGFinally, the wind farm is tested before becoming fully operational. Currently in Canada, the construction phase presents the best opportunities for local business and jobs. Other activities related to logistics, travel, lodging and material supply generate significant additional local revenue.

11. OPERATION AND MAINTENANCEA variety of skill sets are required to ensure the effective operation of a Wind Farm. The activities that have to be performed on a regular basis throughout the project’s life include monitoring and analyzing performance, conducting environmental surveys and performing preventive maintenance and repairs on the turbines and other components of the facility. In addition to the permanent employment created to perform these tasks, a region with several wind farms may take the opportunity to develop and deliver new training programs for the specialized workers needed for these jobs.

AssessmentAssessmentField studies and research are carried out to predict and assess Field studies and research are carried out to predict and assess effects of the project on the environment.effects of the project on the environment.

ReportingReportingScreening Report includes the findings of the assessment and Screening Report includes the findings of the assessment and recommends mitigation for likely adverse effects.recommends mitigation for likely adverse effects.

Government reviewGovernment reviewReport is submitted to government agencies for review.Report is submitted to government agencies for review.

Public Review Public Review Public is given 30 days to review the report and make comments.Public is given 30 days to review the report and make comments.Public can request further information if concerns are deemed Public can request further information if concerns are deemed unresolved.unresolved.

Acceptance of the EAAcceptance of the EA

COMMUNTITY ENGAGEMENTCOMMUNTITY ENGAGEMENT

SkyPower is committed to early, frequent and ongoing consultation with all SkyPower is committed to early, frequent and ongoing consultation with all levels of government and the community, making it a major part of our levels of government and the community, making it a major part of our development process.development process.

Proactive ongoing outreach to interested communities and regulatory agencies .Proactive ongoing outreach to interested communities and regulatory agencies .

Continue to plan for multiple ongoing public community information sessions for Continue to plan for multiple ongoing public community information sessions for each project municipality.each project municipality.

COMMUNITY BENEFITSCOMMUNITY BENEFITS

Public Consultation, Hall Rentals and CateringPublic Consultation, Hall Rentals and Catering Clothing and SouvenirsClothing and Souvenirs Site Preparation Work Site Preparation Work (e.g. dirt work, roads and crane pads building, trenching (e.g. dirt work, roads and crane pads building, trenching

for underground lines, etc.), install the foundations, assemble the tools and for underground lines, etc.), install the foundations, assemble the tools and equipment required for construction and transport and erect the turbine equipment required for construction and transport and erect the turbine components.components.

O&M involves millions in local spendingO&M involves millions in local spending Full/Part time jobsFull/Part time jobs TaxTax

For an average 64.5 MW Wind Project it can provide 100 For an average 64.5 MW Wind Project it can provide 100 construction construction jobs and 5-8 fulltime operation and maintenance jobs.jobs and 5-8 fulltime operation and maintenance jobs.

A Wind Project can provide an estimate 100K of annual tax revenuesA Wind Project can provide an estimate 100K of annual tax revenuesto local municipalities. to local municipalities.

AA Wind Project will generate tourism for local communities. Wind Project will generate tourism for local communities.

Wind Projects are compatible with other land uses, such as Wind Projects are compatible with other land uses, such as farming farming and can serve as a boost for rural economic development while and can serve as a boost for rural economic development while

maintain cultural security. maintain cultural security.

Wind Projects offset the emissions of other energy sources, Wind Projects offset the emissions of other energy sources, thus thus reducing our contribution to global climate change and cleaner reducing our contribution to global climate change and cleaner air.air.

Wind Projects will power grid efficiency and stability.Wind Projects will power grid efficiency and stability.

Robert CarilloRobert CarilloVice President and Head of Vice President and Head of Partnerships and International DevelopmentPartnerships and International DevelopmentSkyPower Corp.SkyPower Corp.416-979-4625416-979-4625robertc@skypower.comrobertc@skypower.com