News Release from Vestas Asia Pacific and China

News release from Vestas Asia Pacific and China

15 January 2014

Musselroe Wind Farm shows the power of investment grade policy

Tasmania’s 168 MW Musselroe Wind Farm, featuring Vestas V90-3.0 MW turbines officially opens today.

The 168 megawatt (MW) Musselroe Wind Farm was officially opened today, and has been one of the biggest construction projects in Tasmania’s north east for many years.

Vestas supplied 56 units of the V903.0 MW wind turbine and has a ten year full scope service agreement for the project. The steel towers for the project were manufactured by Launceston engineering firm Haywards, continuing Vestas’ track record of supporting local suppliers.

Musselroe Wind Farm is operated by Woolnorth Wind Farm Holdings, a joint venture between Shenhua Clean Energy Holdings (SCE) and Hydro Tasmania.

SCE is a subsidiary of the Shenhua Group, one of China's leading energy companies. Hydro Tasmania is Australia’s largest renewable energy generation business and has been a longtime customer of Vestas.

With the $400 million Musselroe project, Vestas has now installed more than 50 percent of wind energy capacity in Australia.

“Vestas was a pioneer in the Australian wind energy industry and remains strongly committed to the Australian market ,” says Danny Nielsen, Acting President of Vestas Asia Pacific and China. “ We are very pleased to have such good working relations with our key customers here .”

“Investments of this scale don’t just happen by accident. Australia has attracted more than $18 billion of investment due to bipartisan political support for the Renewable Energy Target .”

“Bipartisan political support at both state and federal level helps create the long-term business certainty that makes major investments like the Musselroe project a reality .”

Woolnorth Wind Farm Holdings also operates the 65 MW Bluff Point Wind Farm featuring 37 Vestas V661.75 MW turbines and the 75 MW Studland Bay Wind Farm featuring 25 Vestas V903.0 MW turbines.

Vestas has installed 8,500 units of the V903.0 MW wind turbine globally, making it one of the most popular Vestas turbines.

For more information, please contact:

Ken McAlpine, Director of Public Affairs, Vestas Asia Pacific and China Tel: +61 408 105 403 Mail: [email protected]

Vestas Asia Pacific & China Address: 22/F Tower B Ping An International Financial Center No. 13 Xinyuan South Road Chaoyang District Beijing 100027 People’s Republic of China Tel: +86 10 5923 2000 Fax: +86 10 5923 2001 Website: www.vestas.com Company Reg. No.: 08693 Company Reg. Name: Vestas Wind Technology (China) Co. Ltd. Beijing Branch

About Vestas

Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO 2 every year, while at the same time building energy security and independence.

Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 gigawatts of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

In Australia, Vestas installed the first wind turbine in 1993, and has installed more than 50% of all wind turbines since then.

We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

• www.twitter.com/vestas • www.linkedin.com/company/vestas • www.facebook.com/vestas • plus.google.com/+vestas