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13 Feb 2009 10:13
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LeafΒ completes aΒ $30 millionΒ investmentΒ inΒ
Invenergy Wind LLC,Β aΒ leadingΒ windΒ energy company
Leaf Clean Energy Company ("Leaf") [LSE: LEAF.L],Β an AIM listed companyΒ incorporated for the purpose ofΒ investingΒ inΒ clean energy companies and projects in North America,Β is pleased to announceΒ itsΒ participation inΒ the completion of aΒ convertible noteΒ financing inΒ Invenergy Wind LLCΒ ("Invenergy"Β or the "Company")Β with a $30 million investment. TheΒ fundingΒ will assistΒ InvenergyΒ to pursueΒ growth andΒ additionalΒ market expansion of its worldwide wind energy business.Β
Invenergy is a leading clean energy company focused on the development, ownership, operation and management of large-scale electricity generation assets in the North American and European markets.Β The Company serves a wide range of utilities, load serving entities andΒ energy merchants. Invenergy's assets primarilyΒ consist ofΒ large scale wind energy electric generating facilities.Β
InvenergyΒ is one of the top 5Β wind energy developers in NorthΒ America,Β having placed nearlyΒ 2,000 MW intoΒ operationΒ since 2004.Β In addition to its large portfolio of operating assets, InvenergyΒ also has a strongΒ and diversifiedΒ pipeline ofΒ wind powerΒ projects inΒ advancedΒ stages of developmentΒ across North America andΒ Europe.Β
Peter Tom, Chairman of Leaf, said;
Β "This is an exciting investment for Leaf.Β Invenergy represents aΒ unique combination ofΒ high quality windΒ power projects,Β a highly experienced management teamΒ and a market with considerable growth potential."Β
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Michael Polsky, CEO ofΒ Invenergy, said;
"WeΒ look forward to working with LeafΒ inΒ our effortsΒ to expandΒ Invenergy's leading internationalΒ wind energyΒ business. WeΒ welcomeΒ Leaf'sΒ participation andΒ areΒ delightedΒ toΒ have them as partners."
Simon Shaw, Chairman of Energy & Climate Advisors, the investment advisor to LeafΒ CleanΒ Energy Company, said;
"Invenergy is an excellentΒ windΒ platform representing a high quality portfolioΒ of assetsΒ and a strong market position."Β
-Ends -
For further information please contact:
Simon Shaw
Director, Energy & Climate Advisors +44 (0) 20Β 7553Β 2361
Daniel Shapiro,Β
Director, Energy & Climate Advisors +1 225 987 7408
Ivonne Cantu / Oliver GoadΒ
Cenkos Securities plc +44 (0) 20 7397 8900
Martin Stott / Ian Beestin
Bulletin PR +44 (0)7947 915028
Notes to Editors:
About Leaf Clean Energy Company
Leaf Clean Energy Company ("Leaf") [LSE: LEAF.L],Β isΒ a publicly traded clean energyΒ investmentΒ companyΒ thatΒ was incorporated for the purpose of acquiring interests in, owning, operating and managing clean energy companies and projects primarily in North America. The sector spans multiple industries, including wind energy, solar energy, energy efficiency, pollution control, emission credit aggregation, waste-to-energy, wave energy, biomass power and biofuels. The company's main investment objective is to achieve long term capital appreciation through its acquired interests in the clean energy sector, as well as through the potential generation and commercialisation of carbon credits derived from these projects. Leaf is advised by Energy & Climate Advisors, a joint venture between EEAΒ Fund ManagementΒ Ltd.Β and Shaw Capital.Β
www.leafcleanenergy.comΒ
www.eeafm.comΒ
www.shawgrp.com/markets/shawcapitalΒ
AboutΒ InvenergyΒ WindΒ LLC
InvenergyΒ Wind LLC isΒ focused on the development, ownership, operation andΒ management of large-scale wind energy generation assets in the North American and European markets.Β The Invenergy companies have approximately 2,000 MW of wind projects in operation. Invenergy is one of the top 5Β wind energy developers inΒ NorthΒ America.
www.invenergyllc.com
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