Windstream Wolfe Island Shoals Inc. has signed a binding agreement with Siemens Canada Limited, to supply up to 130 turbines for its 300MW offshore wind power project on Lake Ontario.

BURLINGTON, ON, Jan. 4, 2012 /CNW/ - Windstream Wolfe Island Shoals Inc. has signed a binding agreement with Siemens Canada Limited, to supply up to 130 turbines for its 300MW offshore wind power project on Lake Ontario. The turbine blades will be manufactured at Siemens' renewable energy plant located in Tillsonburg, Ontario.

Windstream holds the only offshore wind power Feed-in-Tariff (FIT) contract in the Province of Ontario, which was awarded by the Ontario Power Authority (OPA) in May 2010. The project is planned to be located from five to sixteen kilometers off the southwest shore of Wolfe Island, in eastern Lake Ontario.

By selecting Siemens, Windstream has guaranteed that the Wolfe Island Shoals project will provide more than 50 percent Ontario content. It will create more than 1,900 jobs for the first five years of development, and 175 jobs after construction.

"We are very pleased to have entered into a contract for turbines with Siemens Canada. With Siemens' 140 years of experience in the energy sector, and a global network of highly-skilled employees, we are confident that we have chosen the right supplier", said Ian Baines, President of Windstream Energy. "Siemens is the world's leading supplier of offshore wind turbines with over 2,000MW installed globally offshore. We are planning to use their experience to develop the first offshore wind project in Canada." he continued.

"We are pleased to enter this agreement with Windstream for the Wolfe Island Shoals offshore wind farm and look forward to contributing to the development of Canada's first offshore wind project," said Bill Smith, Senior Vice President of Siemens Canada.

About Windstream Wolfe Island Shoals:

Windstream Wolfe Island Shoals is a private company established in 2007. Windstream's parent company has eleven early stage development projects totaling 1,050 MW in Ontario, with additional projects in B.C. and Wyoming, USA.
www.windstreamenergy.ca

About Siemens in Canada:

Siemens is one of the largest and most diversified companies in the world of electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has over 4,000 employees in Canada, with sales for fiscal 2010 (ended September 30) of $2.3 Billion CAD.
www.siemens.ca

QUICK FACTS:
• Siemens, a globally-integrated technology company, is active in 190 countries, offering a wide range of ground-breaking products for efficient power supply, industrial productivity, affordable healthcare and infrastructure.
• Siemens Canada is home to 3,500 jobs for Ontarians.
• Since 2009, more than 30 companies have invested in Ontario's clean-energy economy including, manufacturers of solar and wind energy components, companies generating energy, and specialist engineering and service firms.

LEARN MORE:
o Learn more about the Green Energy Act
o Find out more about Ontario's Long-Term Energy Plan
o Read more about the Ontario Clean Energy Benefit

For further information:
Randi Rahamim
rrahamim@bridgepointgroupltd.com
416-795-0066