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Eastern European Markets
PRESS RELEASE
May 17, 2005

WinWinD delivers a major wind farm in Estonia

Winwind Oy, a wind turbine supplier from Finland, has signed an agreement with Viru-Nigula Tuulepark OÜ to deliver eight wind turbines of 3 MW to Estonia. Winwind delivers the project on turn-key basis, including the wind turbines, civil works, and electric works. The total value of the contract is 24 MEUR. The civil construction starts in late 2005, and the turbines will be erected in the summer 2006.

The client Viru-Nigula Tuulepark OÛ is owned by Vardar Eurus AS, a joint venture of Norwegian power company Vardar AS and NEFCO, a Nordic fund specialised in environmental projects.

The new agreement is a major step for WinWinD in its systematic approach to international markets of bigger wind farms. WinwWinD’s first 3 MW turbine, WWD-3, based on company’s innovative turbine technology, was erected last November in Oulu, Northern Finland, and the second installation will be erected later this year in Kemi, also on North-Finland. There are only few suppliers of this big size of wind turbines in the world, but the markets are forecasted to increase rapidly in the world during the next few years. These big Winwind turbines are suitable for on-shore and off-shore applications.

WinWinD, having its base in Oulu, Finland, supplies 1 MW and 3 MW wind turbines which are based on a novel technology. The slow rotation machinery makes the turbines very reliable and easy to maintain. In addition to the new contract for Estonia, WinWinD has ongoing projects in Finland, France, Sweden and Portugal.

For further information
WindWind Oy
Wlektroniikkatie 2 B
90570 Oulu, Finland
Tel. +358 8 551 3255
Fax. +358 8 551 3256
info@winwind.fi

www.winwind.fi


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