CPV Renewable Energy agrees with Oklahoma utility for wind power project

Silver Spring, MD, September 29, 2009 – CPV Renewable Energy Co. executed a 20-year power”purchase agreement with Oklahoma Gas and Electric Co. for its 152 MW Keenan II wind energy project in Woodward County, Oklahoma.

CPV REC’s project was one of three selected from more than 50 responses to an OG&E request for proposals. Contingent upon approval by the Oklahoma Corporation Commission, CPV REC will construct and operate the Keenan II wind farm with its entire output dedicated to OG&E.

The project is expected to start generating electricity in 2010.

This represents the second project agreement between CPV REC and OG&E. Last year, the companies announced that OG&E would acquire a 101 MW wind project from CPV REC, which OG&E named OU Spirit.

OU Spirit began construction this past spring and is expected to be onine delivering electricity by the end of 2009.

CPV Renewable Energy Company, an affiliate of Competitive Power Ventures, Inc., is advancing a broad portfolio of wind and photovoltaic power generation across North America.

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