May 9, 2005

Greenwind Power leases new properties for future wind energy projects

VANCOUVER, BC-Greenwind Power, in Vancouver, and its U.S. joint venture partner, Greenwind Power Corp USA, have secured long-term leases on properties in southwestern Alberta with the potential for development of five distinct wind energy projects capable of providing up to 560 MW of power. Together with existing project interests in south-central Alberta, representing 120 MW, and the development of 50 to 100 MW in China at the Daishan Island project, Greenwind has now defined and secured the necessary development rights to meet its wind energy development objectives for 2010. During the next six months, Greenwind will focus on completing preliminary project development designs and wind data assessments and on obtaining the necessary approvals from the Alberta Electric System Operator (AESO) and the Alberta Energy and Utilities Board (EUB). In order to expedite the first-stage development requirements of its planned new southwestern Alberta projects, the company is drawing on the expertise of several renewable energy specialists. Greenwind has contracted High Time Industries as the project engineer responsible for preparing project development specifications and meeting regulatory requirements. The company has also hired Garrad Hassan, an independent expert in wind resource assessment, to validate and finalize the wind resources for the various Alberta projects. He will conduct the necessary wind analysis, forwarding the results to the development engineers and financial intermediaries requiring project validations and assessments.

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