Operations & Maintenance High reliability & low maintenance long service life

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1 Operatins & Maintenance High reliability & lw maintenance lng service life The abve graph utlines the CF perfrmance f the 4 Nrdic N1000 units relative t the 775 unit Swedish fleet f Turbines. The Nrdic Prttype prduct has shwn cnsistently abve average CF perfrmance against the cmmercial units frm Vestas, Enercn, NEG Micn, Siemens, et.al. Page 26

2 Bttm Line Lwest Cst f Energy Ecnmically the mst efficient wind turbine available MW Cmmunity Wind Prject Cmparisns Wind Pwer Prject f 20 MWs at 7.5 m/s with Energy at 7.2 and RECs at 1.5 cents/kwh 7.2 /kwh + REC, 20 Year -All Equity Returns Cst f Energy, Prductin and After-Tax All-Equity Returns 12.00% $35.2 M Ttal Investment $47.7 M Ttal Investment $52.2 M Ttal Investment 10.00% GWh/year and $/MWh % 6.00% 4.00% 200% 2.00% Pct. Return - All Equity % Page 27 N MW Nrdic NW MW SLE Turbine Make & Mdel GE 1.55 SLE V MW Vestas V82 GWh per Year Cst f Energy ($/MWh) All-Equity 20-Year After- Tax Returns

3 Cmpetitive Cmparisn Ecnmically the mst efficient wind turbine available Megawatt Class Offerings V52 E44, 48, 53 MWT1000 N1000 Rated Output Each 850 kw 800 kw 1,000 kw 1,000 kw Number f Turbines fr 20 MW Rtr Diam. (m) 52 44, 48, 53 57, 61 54, 59 Rtr Speed Wind Classes rpm I and II rpm I, II, III rpm I and II rpm II and III Generatin Geared, Asynchrnus Gearless Synchrnus Geared, Asynchrnus Geared, Asynchrnus Weight (70 m HH) ~ 100 Tnnes ~ 115 Tnnes ~ 140 Tnnes ~ 110 Tnnes Tnnes/kW Installed 0.12 T/kW 0.14 T/kW 0.14 T/kW 0.11 T/kW Equipment Pricing ($/kw) $1,450 $1,600 $1,400 $1,200 Est. Annual Operating Cst $20,000 >$17,500 $20,000 <$15,000 Cst f Energy (CE) $/kw > /kwh > /kwh > 0090/kWh < $ /kwh -10% t -15% Page 28

4 Cmpany Operatinal Update Page 14

5 Cmpany Operatinal Update Page 15

6 Cmpany Operatinal Update Unin City Turbine Randlph Eastern Schls Turbine Page 16

7 Cmpany Operatinal Update Turbines NWP0004 and NWP0005 Unin City, Indiana Page 17

8 Cmpany Operatinal Update Page 18 Unin City Turbine Randlph Eastern Schls Turbine

9 A New Cmpany with 35 years f Heritage A heritage f innvatin & cmmitment t wind pwer Gvernment funded R&D prgram in Sweden Tw 3-MW tw bladed R&D wind turbines were at Maglarp Nasudden Nassuden 3-MW rebuilt (Nw wrld recrd hlder in accumulated pwer prductin) 1 st Nrdic 400 erected at Lysekil, Sweden One Maglard turbine prttype dismantled 3 rd N1000 sld and installed N1000 s 110,000 hurs truble free peratin JV fr US manufacturing & sale 5 th N1000 sld & installed by repeat custmer Vattenfall utility 1 st US rders 19 ttal f the N1000 n rder 1 st US installs July st N MW prttype sld t the Swedish utility Vattenfall at Gtland 2 nd N1000 sld and installed 4 th N1000 sld and installed Manufacturing pen Pcatell, ID Majr funding secured fr acquisitin and manufacturing expansin; Gldman Sachs, et. al. Page 19 Surce: Nrdic 19

10 Lnger Term Technlgy Radmap Tw Stage Apprach, Based n Same Cre Technlgy NOW Stage I Becme the leader in the underserved cmmunity wind market with an evlutinary 1 MW turbine ~10% Cst f Energy Advantage FUTURE Stage II Utilize same technlgy platfrm t design a revlutinary 2.5+ MW turbine fr the large utility and IPP markets 20%+ Cst f Energy Advantage Page 20

11 In Summary Turbine Technlgy Slutins that are simple and reliable fr Cmmunity Prjects Lwer the cst f energy Installatin and Cnstructin Build efficient prject delivery partnerships crdinated by turbine supplier Crdinate timing f installatin f smaller prjects within a regin Operatins and Maintenance Nt all Custmers are alike selectable service ptins Safe and predictable peratinal results (availability, annual csts) Invlve lcal and natinal O&M prviders when mre cst effective. Prmte custmer user grups t share experience and imprve the cllective perfrmance. Page 21

12 Eric Thmpsn Western Reginal Sales Manager Nrdic Windpwer USA desk/frward-t-cell cell Nrdic Windpwer 125 University Avenue, Berkeley CA 94710, USA tel: tll-free: fax: Utility scale. Cmmunity fcus. Page 22

13 Supplementary Infrmatin Page 23

14 Mdern Turbine Cntrls Rbust and reliable like the N1000 Bachmann M1 Cntrller Page 29 29

15 Develping g Wrld Class Supply y Chain Reputable glbal suppliers, efficient capital utilizatin Efficient wrking capital utilizatin Quality driven surce selectins Diversify by cuntry, tw suppliers fr each cmpnent Surce Substantiatin apprval required n all critical cmpnents p cllabratin with certificatin bdyy Quality plan drives fcus n critical prcesses and cmpnents Partner with supply base t drive value and quality Page 30