RE Company Gains Financial Footing

November 20, 2002 [] Solena Group, a provider of renewable energy technology, said it has raised US$10 million from an investment syndicate led by Montreal-based Hydro-Quebec CapiTech Inc. and Detroit-based Edison Development Corporation, a division of DTE Energy. Also participating in the round were OPG Ventures, Inc., a division of Ontario Power Generation, and CSL Properties Ltd, a diversified private equity fund with primary investors Canadian Steamship Lines and FedNav. Katalyst acted as investment banker to Solena in this transaction.

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