Eolia Renovables integrates pan-European wind farm operator renergys

- renergys to become part of Eolia Renovables growing international footprint


Zurich - Eolia Renovables, a Spanish renewable energy company managed by N+1 Eolia, announces the acquisition of the renergys Group ("renergys"). renergys, headquartered in Zurich, Switzerland, is a pan-European wind energy developer, owner and operator with a portfolio of wind assets in Germany, France, Poland and Portugal. The company is currently owned by GermanCapital, Ramius Capital, Sopaf and Morgan Stanley.

The combination of the two businesses will strengthen Eolia’s international portfolio, grow renergys’ market position and help accelerate growth in this future market. The acquisition of renergys will add 474Mw to Eolia’s existing wind farm portfolio, of which 77Mw are in operation, 40Mw are under construction, 77Mw are in final phases of development and 280Mw are in earlier stage development. The experienced team of renergys will help to accelerate the company’s international expansion plans with Mark Jones, CEO of renergys, taking over the responsibility for international development in the new group.

Once renergys’ wind assets are added to the existing Eolia Renovables portfolio, the company will have 1,855Mw of capacity, of which 762Mw are in operation and/or construction, 813Mw are in final stage of development and 280Mw in earlier stage of development. The integration increases the company’s operations outside Spain from 324Mw to 798Mw, more than doubling its international asset portfolio. The deal makes Eolia Renovables one of the largest independent wind and solar companies in Europe.

Eolia Renovables growth continues unabated and during the last two months the company has announced the integration of a 45% interest in a 20Mw wind farm in the Canary Islands and a 100% interest in a 3.5Mw solar farm in Murcia.

Miguel Salís, CEO of N+1 Eolia, the management company of Eolia Renovables, commented: "This integration is a major milestone in the development of Eolia’s international portfolio and it gives us a strong European footprint in a region with enormous growth potential. Our strong strategic and financial position has allowed us over the last years to continuously convince partners to join Eolia and develop our firm further".

He added: "We are also excited about the fact that the experienced team at renergys will join N+1 Eolia, enhancing our capability to further expand our business internationally".

The management team of renergys will be responsible for the international expansion oft the new group. Mark Jones, CEO of the renergys Group, comments: "This strategic investment by Eolia shows that renergys’ business case is highly appealing for investors. Together with Eolia Renovables, we can seize new opportunities to accelerate our international growth."

This transaction is subject to the fulfilment of certain conditions precedent, amongst others the approval of the proposed increase of capital of the company by the Eolia´s shareholders meeting, to be held next September 16th,


About Eolia Renovables

Eolia Renovables (Eolia Renovables de Inversiones, SCR, S.A.) is one of the leading independent European companies in wind power and photovoltaic solar electricity generation. Its development strategy is based on integrating medium-sized renewable energy companies. Its founders include alternative asset management companies such as the N+1 Group, independent developers such as Preneal, and financial entities like Bankinter. In addition, its main investors include some of the largest Spanish institutional investors such as BBK, Kutxa, Fonditel, Banco de Sabadell and others.

About N+1 Eolia

N+1 Eolia SGECR, S.A. the Eolia Renovables management company, is the only private equity management company in Spain exclusively dedicated to the field of renewable energy. The company is controlled by the N+1 Group. It currently manages two investment vehicles: Eolia Renovables de Inversiones and Eolia Mistral de Inversiones.

N+1 Eolia forms part of the N+1 Group (www.nmas1.com), an independent financial group specialised in high valueadded financial products and services. The activities of N+1 can be grouped together into two major business areas: alternative assets management and financial advisory services to family groups and companies. Since July 08, N+1 owns 50% of Access Capital Partners, a European private equity fund of funds manager. With this acquisition, N+1 reinforces its international strategy and creates a European platform of alternative investments with around 6,000 M€ of assets advised or managed, and exposure to private equity, alternative energies, active funds, real estate, hedge funds, absolute return strategies and restructuring. The Group has offices in Madrid, Barcelona, London, Paris, Brussels, Frankfurt and Munich, and employs 180 people.


About renergys

renergys offers comprehensive regenerative energy solutions with a current focus on wind energy. Its services include project management, as well as the development, construction and operation of wind farms. So far, renergys has completed over 530MW of wind farms across three continents, both on-shore and off. In addition, the company has over 200MW which have building permits and a pipeline of opportunities which spans several European countries. renergys also owns and operates one of Germany’s largest contiguous wind farms - the 76.5MW farm at Dahme.


Zurich, September 9th, 2008


Publication and Reprint free of charge; please send a voucher copy to
renergys Group AG.


Attention editorial offices: For further questions please contact:

Mrs. Miriam Pastor
renergys Group AG
Gallusstrasse 4
8006 Zurich
Switzerland
Tel: 0041 4436038 82
Fax: 0041 4436038 89
E-mail: m.pastor@renergys.com
Internet: http://www.renergys.com


Mrs. Macarena Gonzalez
Eolia Renovables
C/Padilla, 17
28006 Madrid
Spain
Tel: 0034 917458431
E-mail: macarena.gonzalez@nmas1.com

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