Important step for successful restructuring

Hamburg, June 12, 2012 – German wind turbine manufacturer PowerWind GmbH has sold five wind turbines to Great Britain and Poland. The closure of delivery contracts with three new customers is another success in the restructuring process initiated at the beginning of May. During the past weeks, PowerWind and important suppliers have agreed upon continuing their cooperation which has lasted for many years now.

Polish customer El. Wiatrowa Wola Raciborowska has ordered two turbines of the type PowerWind 56 with 900 kW rated power. Their installation in Kutno (Raciborow) is scheduled for Q3 2012.

Moreover, three PowerWind 500 turbines with 500 kW rated power are to be installed in Great Britain by the end of September. Two of the three wind turbines have been sold to project developer Temporis Wind. The third turbine will go to Resilient Energy Great Dunkilns plc, a JV community development in the Forest of Dean between The Resilience Centre and local landowner Anthony Cooke.

A decisive factor for the purchase decision was not only the high quality of the PowerWind products, but also that customers are confident that PowerWind will complete their restructuring process successfully.

"We remain extremely positive about the PowerWind technology and look forward to developing a long-term relationship with the company," said Harry Bond, Partner of Temporis Wind.

"The PowerWind 500 is an ideal product for community wind projects in Great Britain assembled from the highest quality components. We are already negotiating further projects for 2012 and 2013," said Andrew Clarke, Director of Resilient Energy Great Dunkilns plc.

About PowerWind GmbH

PowerWind GmbH is a German OEM of onshore wind turbines (500 kW, 850 kW, 900 kW und 2500 kW) and service provider, focusing on Community-scale wind projects. These projects ranging from single turbines to wind farms with a capacity of 30 MW are mostly locally owned. The energy is often consumed in the immediate vicinity of the turbines. Typical Community-scale customers include medium-sized industrial businesses, factories and farmers, regional project developers and power providers, privately owned wind farms, schools and universities as well as municipalities and leisure facilities. Backed by U.S. growth investor Warburg Pincus, the company has successfully completed projects in more than eight countries since it was founded in 2007.