Wave Wind News

Wave Wind to Erect Eleven 2.1 MW Wind Turbines for Second Phase of 63 MW Project in Nicaragua

November 20, 2009

Wave Wind, LLC, a leading wind energy service provider, has been selected by Suzlon Energy Limited, one of the world's leading wind turbine suppliers, to erect eleven 2.1 MW Suzlon wind turbines for Amayo II, the second phase of a 63 MW wind energy project in Nicaragua. The $55 million project, which is being developed by Consorcio Eólico Amayo S.A. (Amayo S.A.), an international wind project development consortium, is the second project Wave Wind has supported in Central America.

Amayo II is a 23 MW extension of Amayo I, which began operations in February 2009. The project site sits between two volcanoes in Rivas, Nicaragua; like many sites in Central America, it is characterized by both strong, constant winds and relatively inaccessible terrain. Upon completion, Amayo I and II will meet approximately 10 percent of Nicaragua's energy needs, directly reducing the country's annual oil expenditures by approximately 16 percent.

Wave Wind is scheduled to begin construction of the wind turbines by mid-December 2009. The goal is to have Amayo II fully operational by February 2010.

Amayo II is the second project Wave Wind has supported in Central America; the first was a maintenance, repair, and operations (MRO) project in Costa Rica. Wave Wind's expansion into Central America is driven by a combination of the region's huge wind energy potential and the demand for its specialized material handling, construction, and MRO services.

"Amayo II is a prime example of a renewable energy project where everybody wins: the people and government of Nicaragua, Amayo S.A. and its investors, Suzlon Energy, and critical service providers like Wave Wind," said Dionne Lummus, Business Development Coordinator for Wave Wind. "We look forward to future opportunities to help our partners, customers, and stakeholders benefit from similar projects in Central America and elsewhere."

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About Suzlon Energy Limited

Suzlon Energy Limited (Suzlon) is one of the world’s leading wind turbine suppliers. Suzlon has ranked as the leading manufacturer in the Indian market for ten consecutive years, maintaining over 50 percent market share. Suzlon has its corporate offices in Pune, India and the company’s global spread is reflected in its projects and markets portfolio—extending across Asia, Australia, Europe and North and South America. Suzlon is a highly vertically integrated wind turbine manufacturer with manufacturing capability along the full value chain—from components to complete wind turbine systems.

For more information on Suzlon, please visit www.suzlon.com.

About Consorcio Eólico Amayo S.A.

Consorcio Eólico Amayo S.A. of Panama is an international consortium established by Arctas Capital Group LP, Centrans Energy Services, Inc. and ENISA to collectively develop Amayo I and II.