Clear Wind Renewable Power Acquires Four Wind Power Projects

Energy Resource, April 9, 2008

ENERGY RESOURCE-9 April 2008-Clear Wind Renewable Power Acquires Four Wind Power Projects(C)2008 JeraOne - http://www.jeraone.com

Clear Wind Renewable Power Inc. will acquire four wind energy projects with a total planned capacity of 320 MW from Chermac Energy Corporation. The four wind projects are at various stages of development.

Chermac Energy Corporation is an Oklahoma-based independent energy company that has successfully developed over 214 MW of wind farms through 2007 and is in the development process of an additional 3,000 MW to be constructed primarily in Oklahoma, Texas and Kansas by the end of 2014.

"We are extremely pleased to have closed on this transaction with the team from Chermac Energy. We have been looking to acquire wind projects for a considerable period of time now," said Matt McCabe of Clear Wind. "When we began discussions with Chermac on these projects last year, we were confident we had found a good set of projects and the right team with which to partner on completion of development. In addition, unlike many other structures that we have reviewed, the acquisition structure employed here aligns our interests and Chermacs over the long term."

Noted Jaime McAlpine, president of Chermac Energy Corporation, "At Chermac, we are pleased that Clear Wind offered capital and, more importantly, the opportunity to become a long term partner in the projects."

Chermac was advised by NorthWinds Advisors of Harrison, N.Y. on the transaction.

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