Toronto, Ontario – November 5, 2009 – Oneworld Energy Inc., an emerging leader in the design, management and servicing of wind and solar power installations, announced it has entered into a definitive purchase agreement with the shareholders of COU Capital Inc. (“COU”), a Canadian based solar developer, to acquire 100% of the shares of COU in exchange for shares of Oneworld Energy Inc..

COU provides a variety of services to the solar sector in Europe and North America encompassing the entire value chain. These services include the design & development, EPC (engineering, procurement and construction) and commercial/technical operation and maintenance of ground and roof mounted solar installations. Through its wholly owned subsidiaries, COU also provides electrical design and engineering services for solar parks and inverters to the solar energy sector in Europe and North America.

COU has established relationships with large solar panel manufacturers for procurement and contributes a pipeline of over 83 MW of solar projects in Germany, Italy and Bulgaria, which can be built either for Oneworld’s portfolio or for third party clients under contract. Agreements are in place with the Solar Income Fund Limited Partnership to build solar parks in Germany and it is exploring relationships with other capital funds created to own solar parks in Europe and North America. In addition, COU brokers the sale/acquisition of solar parks to third parties. In Ontario, COU has started acquiring roof top and property for ground mounted solar projects in order to participate in the new feed in tariff program recently introduced by the Ontario government.

Closing of this transaction is subject to several conditions including due diligence and is expected to occur by the end of November.

Mr. Chuck Allen, President and CEO of Oneworld, commented, “COU has done an amazing job of establishing itself firmly in the solar integration sector for larger roof mounted and ground mounted projects and has created a portfolio of high quality solar projects in Europe and Ontario. COU is a perfect complement to our Oneworld business and would add considerable bench strength to the Oneworld team. This transaction is one that expands our footprint within Europe and the Ontario market and the solar sector as a whole. ”

Mr. Dennis, President and CEO of COU noted, “We saw this as a tremendous opportunity to be part of a growing company and to assist Oneworld in expanding their presence in Europe and Ontario by working with Oneworld Solar. We wanted to be part of a growing international renewable energy business with a developing portfolio. COU shareholders firmly believe that now is the right time for COU to join forces with the international growth strategy of Oneworld ”.

About Oneworld Energy Inc.
Oneworld is a diversified international renewable energy company that commenced operations in 2003. Oneworld’s primary goal is to become an independent power producer by constructing, owning and operating over 500 MW of renewable energy projects and generating revenues of $500+ million by 2015. The company is focused on developing, owning and servicing renewable energy assets in diversified geographic markets. The company has 85 employees in offices throughout North America and Europe. Oneworld has three operating divisions ? Solar Energy, Wind Energy and Operating & Maintenance Services. To date, Oneworld has designed, planned and constructed over 60 MW of wind and solar energy parks for clients in Canada, Europe and the US.

For more information contact:

Charles (Chuck) Allen, President & CEO
Email: callen@oneworldenergy.com
+1.416.622.7007

Peter Kampian, Executive Vice-President and CFO
Email: pkampian@oneworldenergy.com
+1.416.622.7007

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