Welcome to Aeolus - Company of the Week

Introduction
Aeolus Wind Ltd. is a wind energy development and investment company headquartered in London with the purpose of developing a substantial wind power platform across emerging markets. It is currently developing a proprietary portfolio of 6 wind power projects in Brazil with a total expected operating capacity of 278 MW. The Company is actively negotiating a significant pipeline of projects at various stages of development in Brazil, Uruguay, Peru, South Africa, and Ukraine. The vast majority of Aeolus Wind’s development pipeline is majority-held.

Aeolus Wind has a wholly owned subsidiary located in Fortaleza, Brazil, to oversee and develop projects in this country and neighbouring regions.

Aeolus Wind is an early-stage wind development company that has since 2001 developed and divested wind energy projects totalling 220 MW. Aeolus Wind usually steps into a potential wind project during negotiations with land owners. The Company’s objective is to enter into wind permitting at this early phase and to add value to the process in the form of making projects bankable for the capital markets. The main objective is to dispose of projects when a long-term power purchase agreement (PPA) is obtained, when bankability is reached or when construction is under way, in order to maximise returns for shareholders. This is achieved through the combination of four key components:

- Strong commitment to project finance: Having successfully raised EUR 80 million in equity and EUR 250 million in senior debt using in-house capabilities for its prior projects, Aeolus Wind is experienced in capital raising and structuring debt for energy projects, seeking grants and implementing fiscal optimisation mechanisms.

-Knowledge and experience in navigating regulations in emerging markets with regard to planning permits, impact studies, environmental studies, grid connection, public enquiries and environmental studies through local presence.

- Technical expertise: Aeolus Wind has been involved in the wind project development life cycle from the coordination of installation of wind measurement masts through to EPC procurement, construction and plant commissioning.

- “Wind investor’s outlook”: From early on in the development process Aeolus Wind has the objective of delivering projects that will withstand rigorous assessment from future buyers and lending institutions. Having been through this process several times before, through the successful development of 220 MW of wind projects, Aeolus Wind’s strategy encompasses the origination and delivery of projects that combine three key criteria: choice of the best wind/grid resource sites, minimisation of potential environmental issues and simplification of technical execution.

Portfolio
Wind turbines on hillAeolus Wind is currently developing a proprietary wind project portfolio with a projected total capacity of 277.5 MW in the North-eastern states of Ceará and Rio Grande do Norte in Brazil. This promising emerging economy presents characteristics and conditions that are favourable for wind energy generation, especially the North-eastern region of the country where some of the best wind conditions worldwide are found. Aeolus Wind's portfolio contains a total of six wind parks held in the Company's Brazilian subsidiary, Zephyr. The Zephyr portfolio is under development and construction of three of the projects is scheduled to commence in 2010.

Verdes Mares Wind Farm I:
Location: Tibau, Rio Grande do Norte, Brazil
Installed Capacity: 29.90 MW
Energy Auction: 2010
Estimated Commissioning: 2012

Tapera Wind Farm:
Location: Aracati, Ceará, Brazil
Installed Capacity: 16.80 MW
Energy Auction: 2010
Estimated Commissioning: 2012

Caraúbas Wind Farm:
Location: Sao Goncalo do Amarante, Ceará, Brazil
Installed Capacity: 10.50 MW.
Energy Auction: 2010
Estimated Commissioning: 2012

Maceió Wind Farm:
Location: Maceió Itapipoca, Ceará, Brazil
Installed Capacity: 115.50 MW
Energy Auction: 2010
Estimated Commissioning: 2013

Redonda Wind Farm:
Location: Icapui, Ceará, Brazil
Installed Capacity: 79.80 MW
Energy Auction: 2010
Estimated Commissioning: 2013

Verdes Mares Wind Farm II:
Location: Tibau, Rio Grande do Norte, Brazil
Installed Capacity: 25.00 MW
Energy Auction: 2010
Estimated Commissioning: 2013

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