LEAF.L Regulatory News (LEAF)

3 Dec 2007 17:37

Leaf Clean Energy Company03 December 2007 Leaf Clean Energy Company 3 December 2007 Leaf Clean Energy Company ("Leaf" or the "Company"), established to acquire andmanage interests in clean energy companies, predominately in North America, ispleased to provide an update on its current activities and pipeline. Highlights: • Robust, diversified clean energy project pipeline • Identified opportunities representing total potential equity investments of over $600 million • Term sheets submitted and in negotiation on four projects representing potential equity investment in excess of $100 million and one executed term sheet representing potential equity investment of up to $20 million Leaf has made tangible progress in developing a diversified portfolio of assetsin the clean energy sector. The Company is currently evaluating 22 companiesand projects, including: • Two Wind • Three Solar • Four Alternative Fuels • Two Hydro • One Landfill Gas • Three Energy Efficient Products and Services • Two Clean Tech • Three Biomass-to-Energy • Two Waste-to-Energy From this group, Leaf has entered into an exclusive term sheet with one projectand is in advanced negotiations with four other projects. The executed termsheet encompasses an equity investment in a hydroelectric project company, whichis developing a 9.5MW run of river hydro power plant in Mexico. Leafanticipates making an equity investment in the range of $6.0 to $20.0 million,depending upon the available debt financing and final capital structure of theproject. The four projects in late stage term sheet negotiations are all locatedin the United States and represent in excess of $100 million in prospectiveequity investments, with the potential to invest up to an additional $100million in equity to finance further expansion. Leaf is also conducting preliminary due diligence and is aggressively evaluatingfour additional opportunities, which it hopes to submit term sheets on by theend of the year. These opportunities represent in excess of $70 million inequity investments. The remaining 13 investment opportunities being pursued byLeaf represent total potential equity investments of over $300 million. Peter Tom, Chairman of Leaf, said "I am pleased with the on-going progress madeby Leaf since listing. Leaf has taken important steps towards building a robustand diversified portfolio of clean energy assets capable of providing long-termcapital growth." Simon Shaw, Chairman of Energy & Climate Advisors, the Asset Advisor to theCompany, said "We continue to see growing energy prices and greater clarity onUS carbon policy, all of which increase our confidence in the sustainability ofvalue of our target portfolio of assets." For further information please contact: Simon Shaw +44 (0) 20 7553 2361 Chairman, Energy & Climate Advisors Dan Shapiro, +1 225 987 7408 President, Energy & Climate Advisors Ivonne Cantu / Oliver Goad +44 (0) 20 7397 8900 Cenkos Securities plc www.leafcleanenergy.com www.eeafm.com This information is provided by RNS The company news service from the London Stock Exchange