Siemens Receives Order from FPL Energy for up to 600 Megawatts of Wind Turbines

Business Wire, Sept 14, 2005

ORLANDO -- Siemens Power Generation (Siemens) today announced an agreement with FPL Energy, the wholesale generation subsidiary of FPL Group, Inc. (NYSE: FPL) for wind turbines totaling up to 600 megawatts. E[acute accent]Siemens will manufacture, install and commission its 2.3-MW Mk II wind turbines for FPL Energy. Delivery of the wind turbines will begin in 2006 and support the planned expansion of wind-driven electricity generation projects at FPL Energy. E[acute accent]"Wind projects continue to be an important part of the growth strategy for FPL Energy," said Jim Robo, president of FPL Energy. "This new turbine agreement with Siemens provides us with a platform to deploy turbines early next year." E[acute accent]"This agreement with FPL Energy is important because it is the first wind power contract for our growing wind power business in the Americas region since Siemens acquired Bonus Energy last December," said Randy Zwirn, member, Siemens Power Generation Executive Management and president and CEO, Siemens Power Generation, Inc.. E[acute accent]"The wind power business, especially in the U.S. and Canada, is more favorable now than it was in the past," added Zwirn. "With the increased focus on clean renewable energy, as well as high natural gas prices and volatility, wind power is an increasingly attractive alternative. In addition, the recently passed Federal Energy Policy Act includes provisions for subsidies and tax credits for the development of renewable energy, which enhances the attractiveness for our customers." E[acute accent]"The recent passage of the Energy Policy Act that contains a two-year extension of the wind production tax credit enables us to execute, without interruption, our wind development program," said Robo. "As the leading U.S. wind power company, it is important for FPL Energy to secure a reliable and economic source of wind turbines for use in projects we are developing today and into the future. Securing a supply of turbines with Siemens now will benefit our customers."

E[acute accent]The Power Generation Group (PG), a unit of Siemens AG, is one of the premier entities in the international power generation sector. In fiscal 2004 (which ended September 30), Siemens PG posted sales amounting to approximately EURO 7.5 billion and received new orders totaling EURO 9.2 billion. Group profit amounted to EURO 961 million. On September 30, 2004, PG had a workforce of approximately 30,900 worldwide. Further information at: http://www.siemens.com/powergeneration.> E[acute accent]FPL Energy is a leading wholesale generator utilizing clean fuels such as natural gas, wind, solar, hydroelectric and nuclear to generate electricity. It is the nation's leader in wind energy, with 45 wind facilities in operation in 15 states. It is a subsidiary of FPL Group, one of the nation's largest providers of electricity-related services. FPL Group's principal subsidiary is Florida Power & Light Company, one of the nation's largest electric utilities, serving 4.3 million customer accounts in Florida. Additional information is available on the Internet at www.FPLEnergy.com, www.FPLGroup.com and www.FPL.com.