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Schneider Power Inc.

04:07 PM EST - Schneider Power Inc. : announced that it has signed a Letter of Intent with Emera Inc. to jointly pursue renewable energy projects in the Bahamas via the Bahamas Renewable Energy Corporation Ltd. or BREC. The Letter of Intent outlines a partnership between Emera and Schneider Power that will allow both companies to collaborate on at least three projects that have been offered through the Bahamas Electricity Company's (BEC) Request for Proposals for Renewable Energy Projects. Schneider Power Inc. shares V.SNE are trading even at $0.18.