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Suzlon Announces 400 MW Wind Turbine Contract with Portland's PPM Energy by Staff Columbia Basin Energy Report, May 3, 2007

Suzlon Wind Energy Corporation, the US-based subsidiary of Suzlon Energy A/S of Denmark, has signed a contract for a total of 400 MW of wind turbine capacity with PPM Energy of Portland, Oregon, one of the largest wind power developers in North America.

The contract calls for delivery of 300 MW of turbine capacity in 2008 and 100 MW of capacity in 2009.

This agreement is the single biggest contract that Suzlon has signed in the history of the company.

"We are exceptionally pleased to have our biggest product pipeline ever with a company considered one of the most professional wind power developers in the industry," said Andris Cukurs, CEO of Suzlon Wind Energy Corporation of Chicago, Illinois. "Suzlon is appreciative of the trust they have extended to our company, and we are looking forward to a long-term relationship with PPM Energy."

"It is an honor to have PPM, with international ties to Iberdrola in Europe, as part of our key customer base," said Per Hornung Pedersen, CEO of Suzlon Energy A/S of Aarhus, Denmark. "The confidence Suzlon has worked hard to establish among the U.S. customer base, we believe, will be transferable around the world."

Suzlon's S88-2.1 MW wind turbine is the featured machine of the agreement and will be delivered to various ready-to-build sites across the US starting in the summer of 2008.

"Suzlon has been flexible in working with PPM at the ground level on various technical issues, which has enhanced value to PPM and has forged a strong customer-supplier relationship" said Terry Hudgens, CEO of PPM Energy. "We believe our extensive experience with wind power technology, combined with Suzlon's drive to continually improve is going to go a long way to benefit wind power projects to come."

PPM Energy is part of the IBERDROLA group of companies, the world leader in wind power, with more than 6,500 MW of combined wind power capacity.

The turbine agreement includes the supply of 143 units of the S88-2.1 MW in 2008 and 48 units in 2009. Suzlon is also contracted for operations, maintenance and service of the wind turbines for two years and an option for five, and will do so by expanding its service territory with new facilities to meet demand.

Suzlon Energy Limited is one of the pioneers in the wind energy industry. The company focuses on innovation and research, an integrated value chain, and entering into emerging and high growth markets to drive sustainable growth.

Suzlon has established a management center in Amsterdam, Netherlands, and manages its international marketing effort out of Aarhus, Denmark, while runs its India operations out of Pune, India. The company's projects portfolio extends across Australia, Brazil, China, India, Italy, Portugal, South Korea and the United States.

PPM Energy now has more than 2,000 megawatts (MW) of wind energy in operation or under construction.

PPM Energy balances its supply portfolio with sales to wholesale customers, placing almost all of its output in long-term contracts. Major customers include the cities of Seattle, Sacramento, Eugene, Pasadena, and Anaheim, as well as investor-owned utilities such as Xcel Energy and Pacific Gas & Electric Company and the federal Bonneville Power Administration.