KNOB HILL WIND FARM
BC Hydro Offers 20-Year
Electricity Purchase Agreement
Sea
Breeze Power Corp. is pleased to announce that the offer of a 20 year
"Electricity Purchase Agreement" ("EPA") has been received
from British Columbia Hydro and Power Authority ("BC Hydro") with
regard to future renewable energy produced at Sea Breeze's Knob Hill Wind Farm
Project (Phase I for 99 MW).
The Knob
Hill Wind Farm Project is located 35km northwest of Port Hardy on northern
Vancouver Island, within the traditional territories of the Kwakiutl, Quatsino,
and Tlatlasikwala First Nations. Phase I of the Project would generate enough
renewable electricity to power an estimated 35,000 British Columbia homes.
"The
offer of a contract from BC Hydro is the result of seven years of effort
towards completion of a stringent environmental assessment, comprehensive
communication with communities in the region, and preparation of detailed
proposal documents and negotiations in BC Hydro's Clean Power Call," said
Paul Manson, President and CEO of Sea Breeze.
"During
this process, we have received strong support from the Quatsino, Tlatlasikwala,
and Kwakiutl First Nations as well as the communities of Port Hardy, Port
McNeill, and the Regional District of Mount Waddington, for which we are deeply
grateful," Manson added. "To reciprocate this valuable support, the
Project will create green employment opportunities for the local communities
and will move the region towards a more sustainable economic future."
Construction
on the Knob Hill Wind Farm is expected to begin in Q-2 2011, with a target date
for delivery of electric power in Q-4 2012.
The Knob
Hill Wind Farm was the first wind project to receive an Environmental
Assessment Certificate in British Columbia. Upon completion of construction, it
will be the first power generating facility initiated by Sea Breeze, which is
investigating an additional 180,000 hectares for wind power development
throughout British Columbia.
About BC Hydro
BC Hydro
is an electric utility wholly owned by the Province of British Columbia,
reporting to the B.C. Ministry of Energy, Mines and Petroleum Resources. It is
the third largest electric utility in Canada and serves customers in an area
containing over 94 per cent of British Columbia's population. BC Hydro
endeavors to provide energy solutions to its customers in an environmentally
and socially responsible way by balancing British Columbians' energy needs with
the concerns of the environment
About Sea Breeze Power Corp.
Sea
Breeze Power Corp. is a Vancouver-based renewable energy company focused on
unlocking British Columbia's enormous but 'stranded' renewable energy
potential. Sea Breeze is presently engaged in the development of utility-scale
wind farms and 'run-of-river' hydroelectric projects.
Through
a joint venture partnership with Boundless Energy, LLC, Sea Breeze is also
involved in development of large-scale, state-of-the-art and
environmentally-friendly electricity transmission projects, including the Juan
de Fuca Cable, planned to interconnect Victoria, British Columbia with Port
Angeles, Washington.
ON BEHALF
OF THE BOARD OF DIRECTORS
"PAUL
B. MANSON"
per:
PAUL B. MANSON, President & CEO
For
investor information please contact
Mr. Paul
Manson
Email:
Info@SeaBreezePower.com
Voice: 604-689-2991
Fax: 604-689-2990
Neither TSX Venture Exchange nor
its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.