Skypower and Fermeuse Wind Power Complete $43M Project Financing With WestLB

Fermeuse Wind Power Corp. and its sponsor and owner, Skypower Corp., completed a $43-million project financing in respect of the Fermeuse Wind Power Project on September 3, 2008. When completed, the project will consist of a 27 MW wind power generation project located in Fermeuse, Newfoundland and Labrador. WestLB AG, Toronto Branch, provided the financing, which consisted of secured construction and term debt facilities, including a working capital and letter of credit facility. WestLB is the sole arranger, administrative agent and collateral agent.

SkyPower Corp. and Fermeuse Wind Power Corp. were represented by in-house counsel Richard Guttman and a team from McCarthy Tétrault LLP's Québec City, Toronto and Vancouver offices consisting of Marc Dorion, Stephen Furlan, Kim Thomassin, Louis-Nicolas Boulanger and Jo-Anna Brimmer (banking and finance); Jim Titerle (environmental and permitting) and Stewart McKelvey in the Province of Newfoundland and Labrador with a team consisting of Maureen Ryan, Stephen Winter and Jonathan Dale.

WestLB AG was represented by Baker & McKenzie LLP's New York and Toronto offices with a team consisting of Ata Dinlenc, Alex C. Roberts, Matthew Sandiford, Matthew Kindree and Nathan Reed (banking and finance); Mark Richardson (real estate) and Jonathan Cocker (environmental and permitting) and Stewart McKelvey in the Province of Newfoundland and Labrador with a team consisting of Bruce Grant, QC, Neil Jacobs and Steven Scruton.

Lawyer(s)

Jonathan D. Cocker Steven A. Scruton Marc Dorion Jo-Anna Brimmer Jim Titerle Stephen Furlan Jonathan D. Dale Mark A. Richardson Stephen H. Winter Bruce C. Grant Kim Thomassin Matthew Kindree Alex C. Roberts L. Richard Guttman Neil L. Jacobs Louis-Nicolas Boulanger Maureen E. Ryan

Firm(s)

Baker & McKenzie LLP McCarthy Tétrault LLP Stewart McKelvey