INTERNAL PROJECTS

Seawinds project activities fall into two distinct categories. Internal projects which Seawind is developing on its own behalf and external projects where Seawind has been engaged to supply services to a particular client.

Seawind has project development interests in wind farms in Europe, North America and South America. These range in size from 9MW up to 380MW and include both on and offshore installations. The total project volume either in operation or in planning is around 1300MW.

Specific ongoing development projects include:

• 50MW in Ireland due for construction 2008

• 20MW in the UK due for construction 2008

• 90MW in Czechoslovakia due for construction 2009

• 380MW in Germany due for construction 2009

• 40MW in Spain due for construction 2008

• 100MW in South America due for construction 2008

• 300MW in North America due for construction 2007/8

In all the above Seawind is developing and financing projects using its own resources.