Tuuli Saimaa Oy Wind Saimaa Ltd is a

• Tuuli. Saimaa Oy (Wind. Saimaa Ltd) is a Finnish company located at city of Lappeenranta. • Tuuli. Saimaa was established in 2009 by seven shareholders with equal shares. One of the shareholders is Lappeenranta Energy Ltd. • The business idea of Tuuli. Saimaa is to develop and build wind farms in Finland. • The competitive advantage of Tuuli. Saimaa is its strong knowledge and experience. • Tuuli. Saimaa has exceptional expertise in wind energy production. • The target of the company is to achieve 10 % of the market (250 MW).

Operative team Petteri Laaksonen D. Sc. (Tech) Managing Director Miika Pilli M. Sc. (Tech) Project Manager Development Manager Jaana Ylärakkola Manager, Finance and Administration Oskari Pylkkönen Juha Tuominen Project Engineer Director Managing Director, Tuuli. Muukko Oy Aapo Koivuniemi M. Sc. (Tech) (WAs. P certified) M. Sc. (Tech)

Wind farm development – Phasing Phases require − Different skills − Contain different uncertainties and risks − Require different equity structure and finance x% Risk, uncertainty Return requirement 12 % 8% 12 – 36 months 9 -12 months 20 years Development Investment Production Total capital required

Tuuli. Saimaa competencies • Permitting process – Studies (For EIA, City Planning, Building permits), done in more that 30 sites in Finland: • Environmental Reports (Mirgating and nesting birds, rare plants, nature types, bats, frogs, flying squirrel etc. ) • Network connections, wind farm networks and substations • Radar issues • Scenery- and perception modelling • Noice and flickering modelling • Extensive network of subcontractors – Environmental Impach Assesment, City Planning, Building permits • Wind measurement - Largest LIDAR operator in Finland – – – Four own Natural Power Zeph. IR 300 LIDAR devices. Rented Finish Metorolical Institutes LIDAR Many rented SODAR and mast measurements Data collection and management Extensive network of subcontractors • Site assessment and optimization – – – Layout planning AEP Noice and flickering modelling

Tuuli. Saimaa competencies • Investment calculations and finance planning (IRR ja NPV) – Annual Energy Production (AEP), turnover – Investment & Running costs • Acquisition of windfarms • Wind Farm Investments – Purchasing (technical and commercial management) • • • Turbines & maintenance Infrastucture, foundations and wind farm network Substation and Fingrid/local grid connection – Project finance – Project company administration and management – Energy sales – Project management – Feed-in-tariff with Finish Energy Market Authority • Etc.

University co-operation and Tuuli. Saimaa Oy

University co-operation with LUT • Spin-off from LUT research – Few professors also board members • Acquisition of research from LUT immediately at start by 70 000 EUR – Model for transferring wind data into turnover – Windfarm network connection requirements and technical implementation – Production optimisation based on real wind data – Inland wind and investment opportunities • Donation of the wind measurement data to LUT from several sites in Finland (cost > 500 000 EUR, still continues)

University co-operation with LUT • Donation of the wind measurement data to LUT from several sites in Finland (cost > 500 000 EUR, still continues) • Training – – – Main bulk of the personnel M. Sc’s trained by LUT One part time doctoral student at LUT (from Tuuli. Saimaa) One M. Sc permanently employed via master’s thesis • Tuuli. Saimaa personnel to give lectures at LUT • Research proposal in Muukko wind farm together with Alstom

Advantages with LUT • Young, focused and flexible • Very good knowledge and big enough teams • High level co-operation with many firms • Reseach publications and quality

Frustrating points • Speed - different time scales – Business needs (results) – Administration and contracts • Public finance (TEKES) – Strictly for product development • Diversed organisation – CEID – Energy department – Department of mathematics and fysics

Petteri Laaksonen (D. Sc) Managing Director Mobile: +358 40 508 8498 Email: petteri. laaksonen@tuulisaimaa. fi Snellmaninkatu 3, 53100 Lappeenranta www. tuulisaimaa. fi