Renewable Energy | Renewable Energy Developers Inc. Completes The Acquisition Of 50 MW Of Ontario Contracted Wind Projects
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Renewable Energy | Renewable Energy Developers Inc. Completes The Acquisition Of 50 MW Of Ontario Contracted Wind Projects

TORONTO , Aug. 20, 2013 /CNW/ – Renewable Energy Developers Inc. ( RDZ.TO ) ( RDZ-DB.TO ) (“ReD” or “the Company”), a developer, owner and operator of renewable energy projects, is pleased to announce the closing of the acquisition by affiliates of ReD of four contracted Ontario wind projects (the “Projects”), representing gross capacity of 50 megawatts (“MW”) from affiliates of Wind Works Power Corp. (“WWPC”).

ReD and its financial partner provided secured loans to the Projects during 2012. ReD has co-developed the Projects for the past 14 months with WWPC and has submitted all projects for

Renewable Energy Approvals in 2013. It is expected that ReD and its financial partner will each hold a 50% ownership interest in the Projects once they are completed and will equally fund the project construction costs in 2014.

“I am very pleased to complete this transaction and increase our contracted development pipeline of projects,” said Mr. Jeff Jenner , President and CEO of ReD. “With the strength of our financial partner and the proposed arrangement with Capstone Infrastructure, these development projects will be fully supported as they move into construction and operation.”

About Renewable Energy Developers Inc.

ReD is dedicated to the development, ownership and operation of renewable energy projects. Through project development efforts, acquisitions, partnerships and joint ventures, ReD provides its shareholders with income and growth from the renewable power generation sector of the energy industry. On July 3, 2013 the Company announced it had entered into a definitive agreement with Capstone Infrastructure Corporation (TSX: CSE; CSE.PR.A; CSE.DB.A – “Capstone”) whereby Capstone will acquire all the outstanding shares of ReD by way of a share exchange, which will result in a larger infrastructure company with power generation facilities across Canada totalling approximately net 465 megawatts of installed capacity, an attractive pipeline of contracted development opportunities in Canada representing net 79 MW of

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