Greengate Power agrees with Vestas for 300 MW wind energy project

Calgary, Alberta, Canada, June 9, 2011 — Greengate Power Corp. entered into turbine supply and long-term service and maintenance agreements with Vestas-Canadian Wind Technology, Inc. for its 300 MW Blackspring Ridge I Wind Project.

Greengate is expecting to begin construction on Blackspring Ridge I in 2012, with a target commercial operation date of 2013. Upon completion, Blackspring Ridge I is expected to be Canada’s largest operating wind energy project.

Under the terms of the turbine supply agreements, Vestas will supply 166 of its V90-1.8 MW wind turbines for Blackspring Ridge I. Deliveries are expected to commence in Q3 2012. Blackspring Ridge I is currently permitted by the Alberta Utilities Commission for this model of Vestas wind turbine.

Pursuant to the terms of the long-term service and maintenance agreements, Vestas will provide ten years of service and maintenance for Blackspring Ridge I at a predetermined cost. The scope of these agreements covers all scheduled and unscheduled service and maintenance relating to the Vestas wind turbines at Blackspring Ridge I.

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