New wind energy project in Ontario

Atlanta, GA, Oct. 24, 2005 — Brascan Power has selected GE Energy as the turbine supplier for the proposed Prince Wind Farm that could add up to 99 megawatts of wind power capacity to the electricity grid in the province of Ontario, Canada.

The project, which will utilize 66 of GE’s 1.5-megawatt wind turbine-generators, is expected to enter commercial operation in the second half of 2006. GE will operate and maintain the turbines for five years.

Located in the township of Prince approximately eight kilometers northwest of Sault Ste. Marie, the Prince Wind Farm will be one of the first large-scale wind farms to be built in Ontario. The project will further expand and diversify the power generation portfolio of Brascan Power.

The estimated annual generation for the Prince Wind Farm is expected to provide enough electricity to serve close to 20,000 Ontario households. The power will be supplied under a power purchase agreement with the government of Ontario.

According to Robert Hornung, president of the Canadian Wind Energy Association, “Over the next five years, federal and provincial government policies and targets are on track to facilitate a ten-fold increase in the size of Canada’s wind energy industry.” Currently, the country has 590 megawatts of installed wind energy capacity, enough to power more than 200,000 Canadian households.

In addition to the Prince Wind Farm, other major projects in Canada announced this year include Erie Shores Wind Farm, also in Ontario, 66 wind turbines; and Soderglen Wind Project in Alberta, 47 wind turbines. Also, in late 2004 GE was selected to supply up to 660 wind turbines totaling 990 megawatts of new wind capacity for eight projects in Quebec.

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