As of today, Eolia Renovables is one of the leading independent European generators of power from renewable sources, building a meaningful presence in Spain, Germany, France, Poland and Canada. To In order to achieve this goal, Eolia Renovables has consistently pursued a strategy of positioning itself as the independent financial partner of mid-sized renewable energy developers (between 50 MW and 300 MW) in markets which combine growth potential and an attractive renewable energy regulatory environment.

Against this backdrop, it is worth highlighting that in 2008 Eolia Renovables successfully completed the acquisition of pan-European renewable energy group, renergys, thereby adding a highly complementary asset portfolio from the geographic standpoint and giving the company a foothold in three European Union markets (Germany, France and Poland).

In the coming years, Eolia Renovables plans to focus strategically on the following initiatives:

• Building and commissioning the pipeline of wind power projects under development. In 2010, Eolia Renovables started up two new wind farms (36 MW), ranking ninth in terms of wind capacity additions in Spain.

• Geographic diversification of the investment portfolio by growing in markets with attractive renewable regulatory frameworks, prioritizing European Union markets where the company has already facilities in operation. In 2010, Eolia Renovables commissioned its first Polish wind farm, Krzecin wind farm with a capacity of 12 MW.

Eolia Renovables will look out for additional growth and consolidation opportunities in other emerging markets in the renewable energy field, so long as regulatory risk is reduced.