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Renewable Energy Leaders Partner on a Mexico-Based Wind Farm

FOR IMMEDIATE RELEASE
May 20, 2010

RENEWABLE ENERGY LEADERS PARTNER ON A MEXICO-BASED WIND FARM
Project to Deliver Jobs and Green Power to the U.S. and Mexico

San Diego, CA – Cannon Power Group and Gamesa Technology Corp., Inc. (“Gamesa”) announced today that they have entered into an agreement for the development of a series of wind farms known as the Aubanel Wind Project in Baja California, Mexico near the town of La Rumorosa – approximately 60 miles east of San Diego and 15 miles south of the U.S.-Mexico border.

Cannon Power Group will act as the project’s lead developer and Gamesa, one of the world’s leading turbine manufacturers, will supply as part of a 10-year exclusivity agreement all of the wind turbines installed at the project sites developed by Cannon in the area. Also, Gamesa will provide additional support, maintenance and limited development services.

The Aubanel Wind Project is expected to be one of North America’s largest wind farms with potential capacity of 1,000 MW at various stages of development. The first phase of the project calls for the installation of between 70MW to 100MW of wind turbines. Groundbreaking at this wind farm is scheduled to occur sometime in the next 12 months, with additional construction taking place over the next three to four years. Power produced from the phase 1 project is expected to be sold to customers in Mexico, with subsequent project phases selling power to both Mexico and U.S. customers.

The companies.

“Cannon Power Group is one of the most experienced wind project developers in the renewable energy market, so we are very pleased to collaborate with them on this project,” said Dirk Matthys, Gamesa’s CEO in North America. “This exciting new relationship will further strengthen Gamesa’s leadership in the Mexican market where we already have a substantial presence.”

“We are delighted to be working with Gamesa, a pioneer in wind and one of the premier wind turbine manufacturers in the world today,” said Gary Hardke, Cannon Power Group’s President and Managing Director. “Gamesa’s experience, technology and technical support will be invaluable as we move forward to develop a strong presence in the Mexican market.”

The Aubanel Wind Project will create substantial employment and economic development opportunities in Baja, California. However, a significant amount of the capital equipment – blades, nacelles, towers, and transformers, to name a few – are expected to be sourced from the U.S. Beginning in 2005, Gamesa established a headquarters and manufacturing facilities in Pennsylvania.

“This will be a win-win for Mexico and the United States -- the clean power and jobs will be shared on both sides of the border,” said Hardke. “We envision this as a major cross-border project -- potentially in excess of a billion dollars - - that can both stimulate the region’s economy and provide enough clean energy for over 250,000 households.”

The project’s 140 square-mile site is on land leased by a subsidiary of Cannon Power Group from the Ejido Aubanel Vallejo. This region is widely recognized as one of the best wind resource areas in North America. Construction is expected to begin within 12 months and the project will be built in phases over the next three to four years.

“We commend the leadership and vision of Gov. José Guadalupe Osuna Millán and David Muñoz, director general of the Baja California Energy Commission, for their support of renewable energy in Baja California,” Hardke continued.

Cannon Power Group has a proven track record of making large wind projects an economic engine for rural communities and they intend on reproducing their success with the Aubanel Wind Project.

“We look forward to working with cross-border governments and private stakeholders, and partnering with the La Rumorosa/Baja California community to support their economic and employment needs as we develop this project,” said Hardke.

The project will operate in Mexico through a wholly-owned subsidiary, Rumorosa Wind Developers. Working with Cannon Power Group in the project development will be its Mexican partners, Monarch Management Services (John Prock, Principal) and Foglio & Associates, a Mexican law firm (Oscar Foglio, Principal).

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About Cannon Power Group - Celebrating its 30th year as renewable energy pioneers, San Diego-based Cannon Power Group has developed, constructed, operated and maintained more than 30 utility-scale wind energy projects in the U.S., India, Switzerland, Spain, Italy, Turkey, Greece and Croatia. Currently, Cannon has over 3,000 megawatts of wind projects and over 1,500 megawatts of solar projects in various stages of development in Europe and western North America. For more information, please visit www.cannonpowergroup.com.

About Gamesa Technology Corp., Inc - Gamesa specializes in developing technologies to further energy sustainability, mainly wind power. As part of a global company which, is a leader in Spain and is well positioned among the world's wind turbine manufacturers, Gamesa has installed over 18,000 MW of wind turbine capacity worldwide. Those turbines' annual output amounts 4 million tonnes of oil equivalent (toe) per year and avoids close to 27 million tonnes of CO2 emissions per year. Gamesa also is a world leader in the development, construction and sale of wind farms, having installed over 3,600 MW, and owns a portfolio of 22,000 MW of wind farms at varying stages of development in Europe, America and Asia.
The company employs over 6,300 people worldwide and has production facilities in Europe, the USA, China and India with a total capacity of 4,400 MW per year. For more information, please visit www.gamesacorp.com/en.

FOR MEDIA INQUIRIES, PLEASE CONTACT:

Cannon Power Group
Justin Knighten, 916.806.0391/justin@lucaspublicaffairs.com

Gamesa Energy USA
Michael Peck, 202-412-2499 /mpeck@gamesacorp.com

Spanish-language media contact available upon request