DeWind Co announces wind turbines agreement with Wind Energy Institute of Canada

DeWind Co, a wholly-owned subsidiary of Daewoo Shipbuilding and Marine Engineering Co. Ltd (DSME) (SEO: 042660), has been awarded the wind power contract to supply five wind turbines to the 10 MW Wind Energy Institute of Canada (WEICan) research site on Prince Edward Island, Canada, north of the community of Tignish.

The wind power project will be the flagship installation for the new 2 MW D9.2 wind turbine model being rolled out by DeWind Co during 2011. DeWind will provide the five D9.2 Wind Turbines from assembly contractor TECO-Westinghouse located in Round Rock, Texas.

“WEICan is pleased to make this commitment to the DeWind technology as part of our Wind Energy R&D Park and storage system for Innovation in Grid Integration”

Towers will be built and furnished by another DSME subsidiary, DSTN, a joint venture between DSME and the Province of Nova Scotia located in Trenton, about 90 minutes north of Halifax. DSTN was established in 2010 for the express purpose of manufacturing towers and blades for the wind industry.

The WEICan 10 MW wind farm site, located near the northern-most point of the island, is expected to be completed in the fourth quarter of 2011.

Robert Rugh, President and CEO of DeWind, commented, “This transaction serves as an important milestone for DeWind, incorporating many firsts – the first deployment of the new DeWind D9.2 model, the first DeWind turbines installed in Canada, and the first DSTN towers supplied for DeWind turbines.”

“WEICan is pleased to make this commitment to the DeWind technology as part of our Wind Energy R&D Park and storage system for Innovation in Grid Integration,” stated Scott Harper, WEICan CEO. “The design features of the DeWind turbine nicely complement the goals of our project and the supply of locally built towers from DSTN is especially welcomed.”

The 2 MW DeWind D9.2 wind turbine is the latest refinement of the proven DeWind 2 MW wind turbines technology, dating back to 2002 when the first DeWind 2 MW wind turbines entered commercial operation. The robust design is well-suited for the challenges of the wind-swept Prince Edward Island site, and in the past has been installed in environments ranging from sea level to high elevations in excess of 14,000 ft., in climates ranging from desert heat to frigid cold. Currently DeWind 2 MW wind turbines are installed and operating in numerous wind farm locations in Europe, Asia, South America and the US.

www.dewindco.com/