TimberWest and EDP Renewables Canada Partner on Large-Scale Wind Power Projects on Vancouver Island and sign MOU with T'Sou-ke

TimberWest and EDP Renewables Canada Partner on Large-Scale Wind Power 
Projects on Vancouver Island and sign MOU with T'Sou-ke First Nation 
VANCOUVER, Sept. 26, 2013 /CNW/ - TimberWest Forest Corp. ("TimberWest") and 
EDP Renewables Canada Ltd. ("EDPR Canada") have entered into a partnership and 
propose to develop, build, and operate large-scale wind projects on southern 
Vancouver Island. TimberWest and EDPR Canada also announce that they have 
signed an MOU with the T'Sou-ke First Nation ("T'Sou-ke") that envisions the 
potential of partnerships with the T'Sou-ke and other First Nations on wind 
The proposed projects present a unique opportunity to build power generation 
capacity on Vancouver Island, which generates only a third of its energy 
demand locally. At up to 300 megawatts of capacity, the projects would provide 
approximately $600 to $750 million of potential investment and support 
hundreds of jobs on Vancouver Island, including training for new skills and 
services. To date, TimberWest and EDPR Canada have invested several million 
dollars in developing these projects. 
"These renewable energy projects would represent a significant investment on 
Vancouver Island," said TimberWest President and CEO, Brian Frank. "We have a 
tremendous opportunity here to develop wind energy on TimberWest's private 
land near where that energy is needed." 
TimberWest has a long history of sustainable land management and commitment to 
Vancouver Island communities. "Wind projects on these lands would complement 
the existing managed forest landscape that has a century of renewable forest 
harvesting activity," concluded Frank. 
Partnering with TimberWest is EDPR Canada — part of a leading global 
renewable energy company that owns and operates over 8,000 megawatts of 
projects around the world. "We are excited by the potential of these projects 
in British Columbia," said Gabriel Alonso, CEO of EDP Renewables North America 
LLC. He added that, "with the increasing efficiency of modern wind turbines, 
these projects would be competitive with other large-scale power development 
proposals in the province, including BC Hydro's Site C." 
Gordon Planes, Chief of the T'Sou-ke First Nation whose traditional territory 
lies within the proposed wind projects, said "We look forward to working with 
TimberWest, EDPR Canada, and other First Nations to see that the wind projects 
can be developed in a way that is respectful of First Nations people, and 
their culture, aspirations and interests." 
September 26, 2013 
With the contraction of the traditional Coastal forest industry in British 
Columbia over the last several decades, large-scale wind projects are an 
opportunity to diversify the Vancouver Island economy with new investment, 
jobs and training. 
Vancouver Island currently imports nearly two-thirds of its electricity. These 
proposed projects are close to demand centres on Vancouver Island and the 
Lower Mainland, and are in close proximity to BC Hydro's 138 and 230 kV 
transmission lines with available capacity. The wind energy generated would 
complement the timing of electricity demand during the fall and winter months, 
and reduce line losses associated with long-haul transmission. 
In addition, the projects would represent a large investment in Vancouver 
Island and benefit from experienced partners with the financial strength to 
assure project success. An initial 300 MW's would mean approximately a $600 
to $750 million investment and would support 350+ direct construction jobs, 
1,000 indirect/induced jobs during construction and 40-50 permanent operations 
These world-class, large-scale wind developments can compete with other future 
supply options, including in BC Hydro's Site C, on both price and value. 
Large-scale wind energy could provide lower rates and price certainty to 
customers in the long-term compared to other alternatives. 
The proposed projects would generate energy without greenhouse gas emissions, 
supporting the BC Government's objective to create the cleanest LNG projects 
on the globe. To be successful, these projects would rely on BC Hydro to 
purchase the power, or deliver it directly to growing end use markets in the 
natural resources sector such as mining and liquefied natural gas projects. 
TimberWest and EDPR Canada are dedicated to making their partnership a model 
for wind projects in British Columbia. The partnership has begun engaging 
First Nations, local communities and stakeholders early, and will meet all 
local, provincial and federal requirements. 
Within the past five years, T'Sou-ke has become a leader in community-based 
renewable energy. With their and other First Nations involvement in the 
proposed projects, the partnership will leverage traditional knowledge of 
lands and geography, and experience with renewable energy development, to make 
these projects successful and to create new economic opportunities for First 
Nations on Vancouver Island. 
About TimberWest Forest Corp. 
TimberWest is a leading timberlands company in British Columbia and the 
largest private managed forest land owner in Western Canada with 325,400 
hectares / 804,200 acres on Vancouver Island. TimberWest also owns renewable 
Crown harvest rights to 700,000 m3 per year in coastal British Columbia. 
TimberWest has a long tradition of working with communities on Vancouver 
Island, including through its real estate business, Couverdon Real Estate. 
TimberWest is pursuing investment opportunities, including wind energy 
projects, which will diversify the economy and provide opportunities for local 
employment. TimberWest is privately owned by two leading Canadian pension 
fund investment managers, British Columbia Investment Management Corporation 
and the Public Sector Pension Investment Board. 
About EDP Renewables 
EDP Renewables Canada Ltd. and its subsidiaries develop, construct, own and 
operate wind farms throughout Canada with offices in Toronto and its first 
wind farm is currently under construction in Ontario. EDPR Canada leverages 
the vast knowledge and experience of its sister company, EDPR North America, 
as its highly qualified team begins to develop, construct, own and operate 
high quality wind farms across Canada. 
EDPR Canada is owned by EDP Renováveis, S.A. ("EDPR"), a global leader in the 
renewable energy sector that develops, constructs, owns and operates renewable 
generation facilities. With a sound development pipeline, first class assets 
and market-leading operating capacity, EDPR has grown extensively in recent 
years to be the world's third largest owner of wind power projects by 
capacity, with 8,150 megawatts currently in operation. The company's long-term 
growth is driven by favorable renewable energy market conditions. EDPR is 
committed to renewable energy as it becomes increasingly reliable and 
competitive due to technological advancements that lead to greater 
efficiencies. The company is continuously expanding renewable energy into new 
markets of the world. EDPR is currently present in the United States, Spain, 
Belgium, Brazil, Canada, France, Italy, Poland, Portugal, Romania, and the 
United Kingdom. EDPR is listed on the Euronext Lisbon Stock Exchange (NYSE 
Euronext: EDPR).

SOURCE  TimberWest Forest Corp. 
Contacts: Adam Renz EDPR 713-265-0332 
Sue Handel TimberWest 250-729-3744 
Image with caption: "EDP Renewables' Wind Farm, New York c/o EDP Renewables 
(CNW Group/TimberWest Forest Corp.)". Image available at:  
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CO: TimberWest Forest Corp.
ST: British Columbia
-0- Sep/26/2013 13:00 GMT
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