CPV Renewable Energy Company Purchases Wind Turbines from Siemens

Company Continues Drive Toward Becoming North America’s Clean Energy Development Leader

SILVER SPRING, MD – CPV Renewable Energy Company, LLC (“CPV”) announced today it has purchased forty-four (44) 2.3 MW wind turbines from Siemens Power Generation for delivery in 2009. The turbines will be allocated to the Keenan wind project in Woodward County, Oklahoma. 

With projects underway in 12 states, CPV’s portfolio of wind projects now totals over 5,000 MW. The initial phase of the Keenan project is expected to enter commercial operation in 2009. CPV handles all aspects of development, including market analysis, site selection, wind resource data collection, equipment selection, contracting, permitting, electrical interconnection, financial closing, construction oversight and asset management.

“CPV and Siemens have a long-standing relationship in the energy business. The Keenan project is a significant milestone for CPV and will bring a steady supply of renewable energy to Oklahoma,” said Sean Finnerty, Sr. Vice President. “CPV continues to focus on meeting the demand for clean, efficient power generation across the country.”.


About Competitive Power Ventures Holdings, LLC (CPV)

CPV Renewable Energy Company is a privately held company owned by Competitive Power Ventures and is developing one of the broadest wind energy development programs in the industry.

Established in 1999, Competitive Power Ventures is a North American power industry development and asset management company headquartered in Silver Spring, Maryland. CPV focuses on developing and operating clean conventional and wind-powered generating facilities. CPV has regional offices in Braintree, Massachusetts, San Francisco, California and Toronto, Ontario, Canada. The company’s development professionals have played critical roles in the successful development of more than 30 generating facilities, representing over 15,000 megawatts of currently operational power generation capacity. For more information please visit www.cpv.com