CPV Renewable Energy Company Purchases Wind Turbines From Siemens

Company Continues Drive Toward Becoming North America's Clean Energy

Development Leader

Aug 19, 2008, 01:00 ET from Competitive Power Ventures, Inc.

    SILVER SPRING, Md., Aug. 19 /PRNewswire-USNewswire/ -- CPV Renewable
 Energy Company, LLC ("CPV") announced today it has purchased forty-four
 (44) 2.3 MW wind turbines from Siemens Power Generation for delivery in
 2009. The turbines will be allocated to the Keenan wind project in Woodward
 County, Oklahoma.
     With projects underway in 12 states, CPV's portfolio of wind projects
 now totals over 5,000 MW. The initial phase of the Keenan project is
 expected to enter commercial operation in 2009. CPV handles all aspects of
 development, including market analysis, site selection, wind resource data
 collection, equipment selection, contracting, permitting, electrical
 interconnection, financial closing, construction oversight and asset
     "CPV and Siemens have a long-standing relationship in the energy
 business. The Keenan project is a significant milestone for CPV and will
 bring a steady supply of renewable energy to Oklahoma," said Sean Finnerty,
 Sr. Vice President. "CPV continues to focus on meeting the demand for
 clean, efficient power generation across the country."
     CPV Renewable Energy Company is a privately held company owned by
 Competitive Power Ventures and is developing one of the broadest wind
 energy development programs in the industry.
     Competitive Power Ventures is a North American power industry
 development and asset management company. Founded in 1999, CPV is
 headquartered in Silver Spring, Maryland and has offices in Braintree,
 Massachusetts and San Francisco, California.
     CONTACT: Sean Finnerty, Sr. VP, Competitive Power Ventures, Inc.,
 781-848-0253, sfinnerty@cpv.com

SOURCE Competitive Power Ventures, Inc.