Lehman Buys Into SkyPower

Lehman Brothers Private Equity has acquired a “significant equity stake” in SkyPower Corp., a Toronto-based renewable energy company with a portfolio of wind and solar projects across Canada. The investment includes an up-front acquisition payment, commitments to future project financing as well as other investment opportunities in the renewable energy sector. A portion of the up-front payment will be used by the Adler Renewable Energy Foundation, a group formed to help provide select schools and needy communities in Canada with the ability to benefit from clean renewable power by having solar or wind power to augment or replace their current power needs. www.lehman.com www.skypower.com