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Alternity Wind Power Launched with Goal of 2100 MW by 2012

The Conti Group, a 100 year-old diversified construction and engineering services firm, announced today the formation of Alternity Wind Power, LLC, (www.AlternityWindPower.com) currently is establishing partnerships with early stage wind project developers, landowners, turbine manufacturers, utilities and local communities to develop wind farms with capacities of 50 MW or greater. The firm plans to create a portfolio of more than 2100 MW of wind power capacity in North America by 2012.

"Today, there is a void in the wind energy marketplace: too few companies are willing to build fair partnerships with early stage wind project developers," said Jack Gelman, Alternity Wind Power President and CEO. "That is where Alternity Wind Power comes in."

"Alternity Wind Power was founded with the idea of building 'win/win' relationships, by providing early stage developers with the resources they need to bring their wind projects to completion."

As an integrated project developer, Alternity Wind Power will draw upon the engineering and construction expertise of its lead investor, The Conti Group. The Conti Group's project management heritage will enable Alternity Wind Power to significantly reduce the frictional costs that result when different entities control the development and construction phases. In addition, as a turnkey contractor, Alternity Wind Power will utilize The Conti Group's expertise in project management best practices and value engineering to bring projects in under budget and ahead of schedule

A Strong Partner

Alternity Wind Power's status as a turnkey late stage development and construction integrator positions it to be an excellent partner for early stage developers who will benefit from the financial, engineering, procurement, construction and commissioning expertise that Alternity Wind Power will bring to their projects.

"Currently, developers of wind projects often come up against obstacles that prevent them from moving their wind projects beyond the early stage," said Gelman.

"We intend to position ourselves as the preferred partner for these early stage developers, enabling them to move their projects ahead quickly and efficiently."

In partnership with The Conti Group and other leading design, engineering and construction firms, Alternity Wind Power (www.AlternityWindPower.com

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