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SkyPower Expands Development Operations in the United States

2008-07-17 12:54:00

    TORONTO, July 17 /EMWNews/ - SkyPower, a Lehman Brothers Company, is

expanding its operations in the United States as part of a strategy to

continue growing its portfolio of renewable energy projects. The company is

establishing offices in Omaha, Nebraska, from which it will explore new

renewable energy opportunities to serve select States and communities.

    SkyPower's U.S. operations will focus on solar thermal, solar

photovoltaic and wind energy projects. The company is exploring strategic

options to partner with developers; corporations; Federal, State and local

governments; and communities to implement innovative renewable energy


    The company has named Daniel Walter as Director of Strategic U.S.

Relationships and Partnerships. He will be based out of SkyPower's new

Omaha offices, and will work closely with local stakeholders in order to

meet increasing demands for clean, renewable energy. Walter will also be

responsible for establishing key strategic relationships and partnerships,

and overseeing development opportunities in other satellite facilities

across the U.S.

    "We are very proud of SkyPower's leadership in the Canadian renewable

energy landscape. Our expansion into the United States is the next step in

the planned growth of our company and we are excited to collaborate with

new U.S. partners to generate clean, renewable energy to meet the needs of

communities around the country. Dan Walter has vast experience in

developing and managing strategic relationships globally and an extensive

background in real estate development. He is an accretive addition to the

SkyPower team," stated Kerry Adler, President and Chief Executive Officer

of SkyPower.

    Walter has more than 20 years of experience holding senior executive

management roles and has structured numerous transactions with Fortune 500

companies. He has built key partnerships and joint ventures that have

generated more than $1.5 billion in global sales revenues, and has

significant experience in U.S. real estate development and business process


    About SkyPower

    SkyPower, a Lehman Brothers Company, is Canada's largest renewable

energy developer with interests in more than 200 wind and solar projects at

various stages of construction and development across Canada and select

U.S. states, representing more than 11,000 MW of potential capacity.

Working with local partners, SkyPower also has wind energy under

development in India, and hydro projects under development in Panama. For

more information, visit

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