Composite Technology Inks Turbine Deal in Canada

Tuesday, August 12th 2008

Composite Technology Corporation announce that its DeWind subsidiary has signed an agreement for the sale of ten advanced DeWind D9 two megawatt wind turbines to Energy Farming Ontario, LLC. The D9 turbine is the advanced version of the D8.2 synchronous power turbine, which incorporates a 90 meter rotor for greater energy capture.

The contract is valued in excess of $23 million with scheduled delivery of the turbines set for late 2009. The contract provides for delivery of ten nacelles and blade sets. Energy Farming Ontario, a part of the Seeba-Energy Farming Group, will design 105m Seeba-lattice type towers to boost economics further. Energy Farming Ontario will deploy the turbines in Ontario, Canada, and has several large scale wind development projects underway. This is the first of several phases to be built out in Canada.

“We are very pleased to be selected by Energy Farming Ontario for this site. This region is very attractive for wind power and we believe our larger rotor turbine will be an excellent generator for the conditions in Ontario. The 90 meter rotor D9 turbine is in development at DeWind and will be ready for serial production in the second half of 2009. The D9 incorporates and optimizes all of the features of the groundbreaking D8.2 80 meter rotor turbine, including the unique Voith WinDrive®,” commented Marv Sepe, President of DeWind and Chief Operating Officer of CTC.

“Typical inland sites require two things, (i) a large 90m rotor such as the Dewind D9, and (ii) a tall Seeba-tower to harvest the winds. We have 10 years of experience with our lattice type Seeba-towers, and we will now design one for the Dewind D9 wind turbine,” comments Thomas Tschiesche, President of the Seeba-Energy Farming Group.

Energy Farming Ontario (EFO) was formed in 2007 and is currently building a wind farm portfolio for construction in Canada. EFO belongs to the Seeba-Energy Farming Group, based in Stemwede, Germany. The Seeba-Energy Farming Group develops, finances, constructs and operates wind farms and has successfully developed over 100 wind farms worldwide. As a specialty, Seeba has been designing tall lattice-type towers for more than 10 years with about 350 MW on Seeba-towers in operation. For further information, please visit our website at www.energyfarmingontario.com or www.seebaenergyfarming.de or contact us at info.ontario@energyfarming.com.

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