Press Release

Hamburg, February, 28th 2012 / Hilversum, March 1st 2012

On February 28/2012, Windkraft FIT GmbH, XEMC Darwind B.V. and XEMC Windpower Ltd. concluded a Turbine Supply and Erection agreement with regard to the construction and supply of 10 wind turbines of 5 MW each to be installed at a site in the North Sea off the coast of the Federal Republic of Germany.

The total contract value is in the range of € 70 to € 90 million.

Realization of the Albatros 1 project is expected in the year 2015.

Windkraft FIT will install their foundations and the XD115/5 MW wind turbine to be supplied by XEMC Darwind today ranks amongst the first multi MW offshore dedicated Direct Drive Permanent Magnet Generator Turbines.

Signing of the contract also signifies the first cooperation between a Chinese owned turbine manufacturer located in Europe and a well reputed European offshore wind park concession holder.

Directors of both companies regard the contract as a first step towards a future strategic partnership whereby such close cooperation will lead to an important breakthrough in making offshore wind energy more competitive compared to traditional ways of generating electricity, whilst keeping design integrity and quality at the highest possible levels.

Signing the contract with Windkraft FiT GmbH
Hamburg, February 2012

From left to right :
Ir. Hugo Groenemans, CEO XEMC Darwind
Dipl.-Ing Martin Ullrich, Geschäftsführer Windkraft FiT GmbH
Dr Mario Mader, Geschäftsführer Windkraft FiT GmbH
Mr Wenhong Zhao, General Manager XEMC Windpower Co. Ltd.

___________________________________________________________________________________

OPENING XD-115 WIERINGERWERF THE NETHERLANDS

Official inauguration by (from left to right )

Mr. Jaap Bond -  Vice Governor Province of Noord-Holland

Mr. J Zhang - Ambassador of the People's Republic of China in the Kingdom of the Netherlands

Mr. Kees Versteegh - XEMC Darwind Chief Technical Officer ( CTO )

Mr. Zhao Meng - Governor, Bank of China Hunan Provincial Branch

Mr. Chen Neng - CEO, XEMC ( Xiangtan Electric Mfg Co., Ltd )

Mr. Bert de Vries - Director Energy and Sustainability and Deputy Director General for Energy, Telecom & Competition, Ministry of Economic Affairs