Seaforth Energy Inc., a leading wind turbine manufacturer and renewable energy integrator, will receive $1.9 million from the Atlantic Canada Opportunities Agency (ACOA) under the Atlantic Innovation Fund (AIF) to develop new wind turbines.

The funding will be used towards Seaforth Energy’s $2.9 million R&D project already underway to extend its proven AOC turbine product line.

“Together with our recent financing rounds, this investment positions Seaforth Energy and the AOC 15/50 to capitalize on the dominant position of its 50 kW fleet,” said Jonathan Barry, president of Seaforth Energy. “We are building on the proven experience and strengths of our AOC 15/50 and EW 50 turbines to ensure the certified durability and performance continue to improve for our new turbines.”

Based in Halifax, Nova Scotia, Seaforth Energy has two complementary lines of business. The company manufactures the AOC 15/50, the most proven and longest-running 50kW wind turbine worldwide. The AOC 15/50 is sized for institutional, commercial, industrial, agricultural and remote applications. Seaforth Energy’s renewable energy systems integration group provides design, engineering, construction, installation and maintenance for renewable energy and distributed wind solutions to residential, commercial, industrial and institutional clients.

The company’s latest R&D project will result in the development of new lower wind speed turbines. The new products will further Seaforth Energy’s position as providing one of the most proven and cost effective turbines in the world for the 50kW size class. The company is also undertaking R&D to dramatically improve the power output of the existing fleet of AOC and EW 50 turbines. As part of its R&D, Seaforth Energy has partnered with leading companies, universities and wind researchers across the world and will be announcing additional partnerships in the next few months.

“Supporting clean energy, science and technology is key to Canada’s future economic growth,” said the Honourable Peter MacKay, Minister of National Defence and Minister for Nova Scotia, on behalf of the Honourable Keith Ashfield, Minister of National Revenue, Minister of the Atlantic Canada Opportunities Agency (ACOA) and Minister for the Atlantic Gateway. “Our Government is committed to helping businesses like Seaforth Energy create these new wind turbines and add new research jobs, develop its productivity, improve its global competitiveness and increase its export growth.”

“This R&D project will see us continue to add wind engineering, manufacturing and research jobs in Nova Scotia and across Atlantic Canada,” said John Simon, vice president of Seaforth Energy. “We are already partnering with the Canadian Wind Energy Institute in PEI and Dalhousie University, and we have people on our team from every Atlantic province”.

The project comes at a time of considerable export momentum for Seaforth Energy and with the new Nova Scotia COMFIT (community based feed-in tariffs) program becoming finalized in April 2011. The AOC 15/50 has been installed worldwide, including in Canada, the United States, the Caribbean, the United Kingdom, Ireland, Italy, Morocco and India. The company is currently delivering on new contracts in many of those markets and pursuing several major new ones.

“This R&D investment allows Seaforth Energy to accelerate its leading position in the commercial-class wind turbine market internationally,” said Barry. “Our vision of building and exporting world-class commercial-size wind turbines from Nova Scotia is happening faster than ever.”

About Seaforth Energy Inc. 
Seaforth Energy is one of the world’s leading commercial-class wind turbine manufacturers, with its AOC 15/50 and EW 50 sister turbine having the most operating hours and longest-standing active 50kW fleet globally. The AOC 15/50 and EW 50 have the most extensive third-party testing and certifications in the 50kW size class, with further testing and certification underway in Canada, the United States and Europe. Seaforth Energy is also Atlantic Canada’s largest renewable energy systems integrator, serving commercial, industrial, agricultural, off-grid and residential clients with complete design, engineering and installation expertise across a full range of wind turbine sizes, along with expertise in solar and integrated heating. In partnership with the Seaforth Engineering Group, Seaforth Energy has over 15 years of experience in wind systems manufacturing and renewable energy design, engineering and installation. WWW.SEAFORTHENERGY.COM

For more information, contact: 

Jonathan Barry
President
902.406.4400

Halifax, Nova Scotia, March 22, 2011