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HOUSTON, TX, Oct 18, 2005 --Rockland Capital
Energy Investments, LLC ("Rockland") announced
today that its affiliate, Rockland Tradewinds
LLC, has recently acquired a 31.45% interest
in Tradewinds Forest Products, LLC ("Tradewinds"),
developer of a veneer mill and wood-fired cogeneration
project near Hilo, HI.
Rockland is joining forces with Don Bryan, Founder
and President of The Timber Exchange, to develop
the Tradewinds project on the Big Island of
Hawaii. Mr. Bryan, who will also be president
of Tradewinds, brings an extensive background
in the forestry industry and will manage the
development process. Rockland will oversee all
steam and power related aspects of the project
including the design and construction of the
cogeneration project and any potential power
sales agreements. Once completed, the cogeneration
project will use mill waste to generate all
of the steam and power required in the mill
process.
"Rockland is excited to be a part of the Tradewinds
development team," said Scott Harlan, Chief
Operating Officer and Managing Director of Rockland.
"Tradewinds is a responsible development that
will help create much-needed jobs on the Big
Island while at the same time creating a sustainable
renewable project for Hawaii at a time when
local energy costs are at an all-time high."
Under the terms of the transaction, Rockland
also has an option to invest the majority of
the capital needed for Phase II of the development.
Rockland Capital Energy Investments is a private
energy investment company founded in 2003 to
focus on the acquisition, development and optimization
of companies and projects in the North American
and European energy sectors. Rockland's investment
philosophy is value based and acquisitions are
expected to yield competitive risk adjusted
returns. The company has offices in New York,
Houston, London and Dortmund
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