Norvind S.A.

completed

Norvind S.A. ("the company") is being developed by its majority shareholder SN Power Invest AS of Norway ("the Sponsor") through its Chilean subsidiary SN Power Chile Inversiones Electricas Ltda. The Norvind project will consist of a total of 23 Vestas V90 wind turbines with a combined capacity of 46MW (the Project). It is to be located at the Totoral Wind Park, delivering its power to Chile’s Central Interconnected System (“SIC”). The Totoral Wind Park location is relatively close to the Trans American Highway (Route 5), which facilitates the construction and erection of the wind generating turbines, and an existing 220 kilovolt (kV) transmission line which facilitates the evacuation of generated electricity. The wind turbines will be interconnected into an on-site substation via approximately 9 kilometers (km) of underground 22 kV cables. From there, the project will be connected to an existing sub-station via approximately 5 km of 66 kV aerial transmission lines. The Project will include construction of about 16 km of access roads to build and maintain the generators. The project site is located in an undeveloped area of Chile’s central coast between Los Vilos and La Serena in the Municipality of Canela, approximately 300 km north of Santiago. The nearest population area is the town of La Canela with an approximate population of 9,500 inhabitants, located approximately 40 km to the southwest of the project site. The land area where the wind generators will be situated has been purchased from a family that has used it for recreational purposes (mainly horseback riding) and which is a partner in the development of the project. The aerial transmission lines will be located on vacant land purchased from a single landowner. An existing wind power project, Parque Eolico Canela, with 11 wind turbines, is located about 4 km north of the proposed project site and has been in operation since November 2007. The developers of the Canela project have recently applied for permits to develop an additional 46 wind turbines in the same area. The Project will employ about 300 workers at the peak of the construction period (3 months), and average about 200 workers over the period.