Canadian Green Power Investment and Management Services Inc. Announces 120Megawatt Frame Agreement with EU Energy Inc

Canadian Green Power Investment and Management Services Inc. (CGP) is pleased to announce that it has entered into a Master Frame Agreement with E U Energy, Inc. for the purchase of 60 of its D8.2 wind turbines. Under the agreement, CGP will purchase the DeWind D8.2 turbines over a four-year period with the first deliveries in 2008.

Canadian Green Power has assembled one of the largest wind land portfolios in Ontario. This is just the start of our development of wind projects in Ontario's8221; said Peter McArthur, President of Canadian Green Power. 's8220;CGP is pleased with the DeWind technology and proven reliability. These turbines with their synchronous generator directly connected to the grid is especially suited to the Ontario Standard Offer Program's8221;. The standard offer contract is the first in Canada that allows a producer to connect to the local grid with a 10MW or less wind farm. Peter added 's8220;He believes these are the first turbines ordered for the Standard Offer Program and CGP is delighted to be a leader in Ontario's8217;s renewable energy program.

Canadian Green Power Investment & Management Services Inc. is one of E U Energy's8217;s launch customers in Canada for the D8.2 turbine fitted with a 90m rotor, and looks forward to expanding this relationship's8221; said Michael Porter, Chairman and Chief Executive Officer of EU Energy plc. 's8220;We are pleased that Canadian Green Power chose the DeWind D8.2 for its first 3 projects under the Ontario Standard Offer Program's8221; he added.

The DeWind D8.2 is an enhancement of the highly reliable D8 turbine and incorporates the Voith WinDrive hydrodynamic torque converter. The converter allows constant speed rotation of the synchronous generator, creating a 13.8kv output, which can be directly connected to the grid. EU Energy has an exclusive agreement until 2013 for use of the Voith torque converter in wind turbines up to 2.6MW capacity. DeWind turbines have a recognized track record for dependability, with the D6 and D8-series turbines included among the few able to boast of 100% gearbox reliability. November 2005 marked DeWind's8217;s fifth straight year without a gearbox failure.

About Canadian Green Power
Canadian Green Power Investment & Management Services Inc. (CGP) an Ontario Corporation has been established as a Wind Power project developer and owner/operator with a focus on the Lake Erie and Lake Huron regions. The Standard Offer Program creates an opportunity for new companies, investment and developments within the Ontario wind power industry. Implementation and project development within the program will enable CGP to expand its's8217; opportunities with the intent of developing much larger projects on a considerable land base. The company's8217;s current land portfolio will support the development of up to 800 MW of wind farm developments.

The Board of Directors of CGPIMS Inc. include Peter McArthur, founder, President and Secretary, Eleanor Clitheroe, Director, Frank Thompson, Director, Ronald Aimola, Director, Rob Savard, Director, and Craig Scott, Director. On behalf of the Board, we would like to thank E U Energy for participating with us in 12 Standard Offer Program projects over four years beginning in 2008.

About EU Energy Inc
EU Energy Inc is a wholly owned subsidiary of EU Energy plc (www.eunrg.com), an alternative energy group based in Milton Keynes, UK. In July 2005 it acquired DeWind GmbH from FKI plc in the UK. Since this acquisition, it has developed the market for DeWind turbines worldwide, and is poised to enter the market in the U.S. and Canada with the new D8.2 60Hz 2-megawatt wind turbine. EU Energy plc markets the DeWind range of products (1.25 to 2 megawatts) worldwide, including India, Eastern Europe and certain niche markets. EU Energy plc usually prefers to establish assembly plants in its local markets. EU Energy plc markets other products including its Aeolian Wingtm, a patented rooftop product and part of a family of Aeolian Planar Concentrators's8482; designed to accelerate the wind flow through a wind turbine. This product has demonstrated a more than 200% increase in energy yield from a turbine. EU Energy plc'ss focus is on commercializing technology for alternative energy using existing and acquired technology to bring new products to market economically and at the earliest opportunity.

For further information contact:

Canadian Green Power Investment & Management Services Inc

Peter McArthur: +1 705 726 8510
President

Keith Waters
General Manager

EU Energy Inc

Layla Porter :     + 44 1908 424 455
Group Marketing Manager

Andy Lockhart: +1 940 455 7450
President




Canadian Green Power Investment and Management Services Inc. Announces 120Megawatt Frame Agreement with EU Energy Inc



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