AEROWATT

Aerowatt strengthens its presence in solar energy with Heliowatt

Ingré, May 21st 2008 –In order to reinforce its positions in the solar energy sector, Aerowatt participated in the recent creation of Heliowatt, based in Tavel, in the Languedoc-Roussillon region. The goal of this department, 48%-owned by Aerowatt and 52% by individual entities, is to contribute to the development of Aerowatt's solar activity in mainland France, through the installation of standalone power stations or facilities integrated into existing buildings. Aerowatt will be both investor in and operator of the future solar power stations developed by this department, with an estimated power output over the next two years of around 10 MWp.

With the support of teams from Orleans dedicated to the development of solar activity, Heliowatt represents a major boost to Aerowatt's presence in the two sunniest regions of continental France: Provence-Alpes-Côte d’Azur and Languedoc-Roussillon.

At present, activity in the field of solar-powered electricity generation is still in its early stage in France. Whereas over 3,800 MWp are already operational in Germany, a mere 46.6 MWp are currently installed in France, with 40% in the overseasregions. This is despite an attractive purchase rate of €0.55 per kWh provided for in the law of July 10th 2006 relating to installations integrated into buildings.
To meet the Grenelle environmental objectives, 7,000 MWp need to be installed by 2020, an imperative which will result in substantial development in the sector.

This was underlined by Jérôme Billerey, Chairman of the Board: "we are very satisfied with this initial collaboration with the Heliowatt team whose know how is widely recognised. This new involvement will make a significant contribution to the group's solar development in mainland France, alongside our other subsidiary Solar Energies, which is focused on France's overseas departments".

About Aerowatt
Code ISIN  FR0010396119
Mnémonique MLWAT

Independent producer of energy from renewable sources both in France and in the French overseas regions, Aérowatt handles all the stages in the development of a power plant, from site selection to electricity sales.
Owner and operator of 21 wind farms accounting for 57 MW as well as of 11 solar farms producing 1,5 MWp at the end of 2007, Aérowatt has a portfolio of projects which will enable it to operate over 350 MW in wind power and 30 MWp in solar energy on the medium term.
In 2007, Aérowatt had a consolidated turnover of 7,1 M€, up 57% from 2006, and 33 employees, includind 15 committed to project development.

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