13th Feb 2009 10:13
Leaf completes a $30 million investment in
Invenergy Wind LLC, a leading wind energy company
Leaf Clean Energy Company ("Leaf") [LSE: LEAF.L], an AIM listed company incorporated for the purpose of investing in clean energy companies and projects in North America, is pleased to announce its participation in the completion of a convertible note financing in Invenergy Wind LLC ("Invenergy" or the "Company") with a $30 million investment. The funding will assist Invenergy to pursue growth and additional market expansion of its worldwide wind energy business.
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. The Company serves a wide range of utilities, load serving entities and energy merchants. Invenergy's assets primarily consist of large scale wind energy electric generating facilities.
Invenergy is one of the top 5 wind energy developers in North America, having placed nearly 2,000 MW into operation since 2004. In addition to its large portfolio of operating assets, Invenergy also has a strong and diversified pipeline of wind power projects in advanced stages of development across North America and Europe.
Peter Tom, Chairman of Leaf, said;
"This is an exciting investment for Leaf. Invenergy represents a unique combination of high quality wind power projects, a highly experienced management team and a market with considerable growth potential."
Michael Polsky, CEO of Invenergy, said;
"We look forward to working with Leaf in our efforts to expand Invenergy's leading international wind energy business. We welcome Leaf's participation and are delighted to have them as partners."
Simon Shaw, Chairman of Energy & Climate Advisors, the investment advisor to Leaf Clean Energy Company, said;
"Invenergy is an excellent wind platform representing a high quality portfolio of assets and a strong market position."
-Ends -
For further information please contact:
Simon Shaw
Director, Energy & Climate Advisors +44 (0) 20 7553 2361
Daniel Shapiro,
Director, Energy & Climate Advisors +1 225 987 7408
Ivonne Cantu / Oliver Goad
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], is a publicly traded clean energy investment company that 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 EEA Fund Management Ltd. and Shaw Capital.
www.leafcleanenergy.com
www.eeafm.com
www.shawgrp.com/markets/shawcapital
About Invenergy Wind LLC
Invenergy Wind LLC is focused on the development, ownership, operation and management of large-scale wind energy generation assets in the North American and European markets. The Invenergy companies have approximately 2,000 MW of wind projects in operation. Invenergy is one of the top 5 wind energy developers in North America.
www.invenergyllc.com
Related Shares:
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