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Dillon Wind Project, Riverside County, California

EPA GREEN POWER PARTNERSHIP

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Copper Crossing Solar Project, Pinal County, Arizona

Who is Iberdrola Renewables?

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International Generation Capacity (58% Emissions-Free)

33,000 employees in 40 countries

Leading wind producer worldwide

with 14 GW installed

IBR Installed wind represents

7% of the world’s total capacity

One of the lowest CO2 emissions

levels in the electricity sector

Iberdrola S.A. Global Overview

Investment grade credit

46 GW of Total Generation Capacity 3

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Global Overview: Renewables

China

United States

Mexico

Brazil

Canada

Cyprus

Greece Italy

Poland

Germany

France

Spai n

Portugal

United Kingdom

Estonia

Romania Guatemala

Wind farms in operation / under construction

Projects under development

Hungary

Bulgaria

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U.S. Business Overview

Iberdrola Renewables is a fully integrated wholesale energy provider.

• Owner and operator of renewable and conventional generation • Industry leader in renewable generation

• 5,000 MW of wind, 50 MW of solar and 55 MW of biomass • 636 MW of combined cycle and peaking gas-fired generation • In-house asset management team dedicated to maximizing the efficiency of

each facility • In-house operations and maintenance team

• Leader in greenfield project development • In-house transmission, permitting, and meteorology expertise

• Comprehensive energy management • Cash and term trading, scheduling and real-time desk • 24-hour in-house meteorology and forecasting desk

• National Control Center • Command-and-control access to every U.S. generating unit • Fully NERC compliant

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National Control Center

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U.S. Renewables Assets WIND PROJECTS

WIND PROJECTS 1  Buffalo Ridge 4  Moraine 7  Elm Creek II 10  Winnebago 13  New Harvest 50.4 MW owned 51 MW owned 148.8 MW owned 20 MW owned 100 MW owned

2  Buffalo Ridge II 5  Moraine II 8  Trimont 11  Top of Iowa II 1  Klondike IIIa Simpson Biomass 210 MW owned 49.5 MW owned 101 MW owned 80 MW owned 76.5 MW owned 55 MW PPA Maple Ridge II

3  MinnDakota 6  Elm Creek 9  Flying Cloud 12  Barton 2  Hay Canyon  45.4  MW owned  150 MW owned 99 MW owned 43.5 MW owned 160 MW owned 100.8 MW owned (91 MW project)

3  Klondike 24 MW owned Maple Ridge

4  Klondike III  115.5  MW owned  223.6 MW owned 8  Rugby (231  MW project) 7  95  Star Point 149.1 MW owned 1  Hardscrabble 2  4 5  6  10 99 MW owned 3  11 74 MW owned 6  Klondike II 75 MW owned Lempster 1 7  Big Horn 2  24 MW owned 6 

5 7 8199.5 MW owned 3  4 

8  Big Horn II 9 10 11 12 50 MW owned Pleasant Valley 13 Streator 9  Juniper Canyon 144 MW PPA Providence Heights Cayuga Ridge 151.2 MW owned Locust Ridge 72 MW owned 300 MW owned 10  Pebble Springs 26 MW owned 98.7 MW owned

Locust Ridge II 11  Leaning Juniper II Twin Buttes Elk River Farmers City  102 MW owned 201.3 MW owned 75 MW owned 150 MW owned 146 MW owned

San Luis 30 MW owned Casselman

High Winds 34.5 MW owned 162 MW PPA Colorado Green

Dry Lake 81 MW owned

Shiloh 63 MW owned South Chestnut (162 MW project)

150 MW owned 48 MW owned

Dry Lake II Blue Creek Mountain View III 65.1 MW owned 304 MW owned 22.44 MW owned Barton Chapel

120 MW owned Dillon Copper Crossing

45 MW owned 20 MW owned

Wind generation Peñascal II 201.6 MW owned

Biomass generation Assets owned by Iberdrola Renewables, LLC, except Peñascal 201.6 MW owned where noted as a Power Purchase Agreement (PPA)

Solar generation Updated May 24, 2012

MAP-US2010, Rev. 6/21/2012

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What New Projects Are WeSpeaking About Today?What New Projects Are We Speaking About Today?

Twin Buttes Wind Project, Bent County, Colorado

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•Up to 150 MW by 2014 •Potential future project of 100 MW by 2015-16

•Putnam County, Ohio

•10,000 acres of farm land leased

•Permit application submitted

•Flat, agricultural land

•Industrial facilities nearby

•“low risk” to wildlife – ODNR

•3 years of wind data

•138 kV Transmission Interconnection

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Competently Planned & Ready To Go

Environmental & Engineering Studies Completed

• Wetland and Waterbody Surveys

• Avian Surveys • Bat Surveys • Raptor Nest Surveys • Phase 1 - Historic

Structures/

Archaeological Sites

• Habitat/Landuse Survey • Airspace

• Civil Crossing Design and Road Survey

• Stormwater Pollution Prevention Plan

• Noise and Shadow Flicker Studies

• Preliminary Geotechnical

• Microwave & TV

• ODNR, USFWS, ACOE Field Visits

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Strong Local Support�

Van Buren Township�

Martin J. Kuhlman,

County CIC Director�

Alice Dewar�

Leipsic School

Superintendent�

• “Iberdrola Renewables wind project will directly benefit Van Buren Twp. by replacing revenue for the Twp. that is being cut from other sources and also generate income for property owners where the turbines are located.”

• The 8 to 10 new jobs, the $375,000 yearly rent payments to the farmers and the $1 M in annual tax revenue to the local entities are all obviously important benefits to community, but what this Wind Energy Project is really about and what will be remembered for generations is the formation of the partnership between Iberdrola Renewables and the Leipsic Community Entities to address the issues of ‘clean energy and the protection of our environment’ for our children and grandchildren”.

• “I am confident this will be a positive benefit to the Leipsic School District as well as the Leipsic community. Economic development is critical for long-term growth and stability in Northwest Ohio”

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Project Background

•Iberdrola acquired the Midland Project in 2007 •~ 12,000 acres of leased land •104 MW Capacity: Enough to power ~31,000 homes a year, •250 potential construction jobs, 5-10 permanent positions created.

•Site Modeled for GE or Gamesa turbines, 50 to 70 turbines depending on type

•SUP (Special Use Permit) Permit Approved in 2010

•Environmental permitting over 95% completed

•Road agreement signed by the county in October 2011

•Q39 in the PJM Queue – SIS (System Impact Study) is complete,

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•Remaining Development Work

•Facilities Study expected to be complete August 2012

•Decommissioning Agreement once turbine is selected(approximately 60

days to acquire)

•Building Permit from the County(approximately 30 days to acquire)

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�Located West of Kewanee, Illinois in Burns Township

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WWhhoo WWiillll bbee NNeexxtt ttoo SStteepp UUpp??

Contact; George M. Drosdowich

Iberdrola Renewables - 845-987-1311

gdrosdowich@iberdrolaren.com

300 MW Streator Cayuga Ridge Wind Farm, Odell, Illinois

mailto:gdrosdowich@iberdrolaren.com