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

CPV Renewable Energy Company, LLC 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."

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.

Competitive Power Ventures is a North American power industry development and asset management company. Founded in 1999, CPV is headquartered in Silver Spring, Maryland and has offices in Braintree, Massachusetts and San Francisco, California.

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