“The addition of another quality renewable wind project enhances our position as the leading wind power producer in Central America”, mentioned Mikael Karlsson, Globeleq's CEO, making reference to its operating wind farms in Costa Rica and Honduras, adding that “the Eolo project enables us to harness a natural and clean resource which will have significant and long term economic and environmental benefits for Nicaragua”. Eolo is in the final stages of its submission as a Clean Development Mechanism (CDM) under the Kyoto Protocol which will enable it to earn carbon credits to sell into the international carbon trading markets.

Jay Gallegos, General Manager and Legal Representative for GME Wind commented that the company’s “renewable energy experience in the region is unparalleled and this will ensure a successful and efficient completion of the Eolo project. Civil construction works such as land clearing and road work have already begun and we anticipate testing and operation of the turbines will be complete by the beginning of 2013”. Land rights, environmental and local construction permits have already been obtained. GME Wind will communicate regularly with all stakeholders on the progress of the project.

Globeleq Mesoamerica Energy (Wind) Limited (GME Wind) is a company dedicated to the development, construction and operation of the Eolo wind project in Nicaragua. It receives support from its shareholders, Globeleq Generation Limited and Mesoamerica Power.