PORT BURWELL, ON, Apr 13, 2006 -- Canada NewsWire

 

Ontario Energy Minister Donna Cansfield today joined the owner and developers of the $186 million Erie Shores Wind Farm for the Official Opening of Ontario's largest wind farm.

"The Erie Shores Wind Farm will help meet Ontario's increasing demand for clean, renewable energy," said Clean Power Income Fund CEO Stephen Probyn, at the official opening at Turbine Nine near Port Burwell, Ontario. "The project is on schedule and its opening is just in time to support this summer's energy requirements."

Erie Shores will generate 99 megawatts of electricity from 66 wind turbines stretched along 29 kilometres of the northern shoreline of Lake Erie between Copenhagen and Clear Creek, Ontario. More than 25 farmers are hosting the 66 wind turbines on their properties.

"A shining example of the provincial government's strong commitment to clean, renewable energy, the Erie Shores Wind Farm will generate enough electricity for 32,000 Ontario homes," said Mr. Probyn. "Erie Shores is win-win for consumers, the host communities, and the environment."

The project is owned by Clean Power Income Fund. The project was one of the successful bids in the Ontario Government's November 2004 Request for Proposals for 300 MW of renewable energy. The developer is AIM PowerGen Corporation of Toronto, a prominent windpower developer with projects in Western Canada, Ontario and Atlantic Canada.

The Erie Shores Wind Farm holds a 20-year, fixed price power purchase agreement with the Ontario Power Authority.

ABOUT CLEAN POWER INCOME FUND

With the addition of the 99 MW Erie Shores Wind Farm, Clean Power Income Fund is invested in 44 power generating facilities located in Québec, Ontario, Alberta, British Columbia and 10 U.S. states with a total capacity of 450 MW. Four environmentally preferred technologies - hydro, windpower, biomass and landfill gas recovery - delivered approximately 1.5 million MWh of electricity in 2005, almost exclusively under long-term sales contracts, at minimal to zero fuel cost.

Clean Power is also engaged in North American sales of Renewable Energy Credits and is the first income fund to be certified under the Government of Canada's Environmental Choice(M) Program(1). The Fund is responsible for offsetting greenhouse gas emissions by approximately 6,000,000 tonnes (CO2 equivalent) per year.

Clean Power Income Fund's units and convertible debentures are listed and posted for trading on the Toronto Stock Exchange under the symbols "CLE.UN" and "CLE.DB", respectively.

This press release may contain forward-looking information or forward- looking statements within the meaning of applicable securities legislation ("forward-looking statements"). Any statements that express or involve discussions with respect to the Fund's predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, estimates, intentions, future events or performance (often, but not always, using words or phrases such as "believes", "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", or "intends" or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken or achieved) are not statements of historical fact, but are forward-looking statements. Such forward-looking statements, by their nature, necessarily involve known and unknown risks, assumptions, uncertainties and other factors beyond the Fund's ability to control or predict, that may cause our actual results, performance or achievements, or developments in our business or in our industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements may include, but are not limited to the Erie Shores Wind Farm: helping meet Ontario's increasing demand for clean, renewable energy; supporting this summer's energy requirements; generating 99 MW; or generating enough electricity for 32,000 Ontario homes. Investors and others should not place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements in this press release based on risks associated with: the completion of the Erie Shores Wind Farm as currently scheduled and the ability of the Erie Shores Wind Farm to generate electricity due to factors over which the Fund has no control. The foregoing list of risks is not exhaustive. The forward- looking statements in this press release are based on the material factors and assumptions that the Fund considered reasonable at the time they were prepared, including that the Erie Shores Wind Farm will generate electricity as planned and will be completed as currently scheduled. It is important to note that: unless otherwise indicated, forward-looking statements in this press release describe our views and expectations as of the date of this press release; we caution readers not to place undue reliance on these statements as our actual results may differ materially from our expectations if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate, and therefore, we cannot provide any assurance that forward-looking statements will materialize; that while it is anticipated that subsequent events and developments could cause our views and expectations to change, the Fund does not undertake or assume any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or any other reason; and all forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE: Clean Power Income Fund

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