Invenergy Wind Raises $30 Million

Invenergy Wind LLC, a developer and operator of large-scale wind energy generation assets in North America and Europe, has raised $30 million from Clean Leaf Energy Co. (LSE: LEAF).

 

PRESS RELEASE

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.”

 

 

About Leaf Clean Energy CompanyLeaf 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.comwww.eeafm.comwww.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