Complete Portfolio

Fersa develops a strategy of international diversification in countries with stable and reliable regulatory frameworks and that offer investment opportunities with higher returns.

The diversification of Fersa’s wind activity into new countries spread across three continents is the result of its strategy of growth in mature markets with a stable legal and economic environment and in developing markets that have good wind resources and notable growth potential.

The Fersa portfolio is split into four different stages, depending on the degree to which the project has advanced: promotion, authorised, construction and in operation.

In the promotion stage we include wind farms that are in an earlier stage, and that includes site selection, installation of measurement towers, preliminary assessment of the wind resource and the start of the processing of permits and authorizations.

In the authorised stage we include those who have successfully completed the acquisition of permits and authorizations, and are in the final stage of the final design of the layout, the search for funding, and the closure of the various contracts building supply.

The construction category includes those who have started the installation work, either the wind farm and/or its evacuation infrastructure.

Finally, among the wind farms in operation we include those who have completed the construction phase and are generating and selling power to the grid.

The distribution of the portfolio of Fersa, to March 31, 2013, by geographic area is as follows:

The detail of the wind farms in operation, by geographic area is as follows:

Company Plants Technology Start-up MW % Fersa Attributable Eólica el Pedregoso S.L. Pedregoso A y B Eólica 2006 29.7 80% 23.8 Eólica del Pino S.L. Pedregoso D Eólica 2006 14.9 80% 11.9 Parque Eólico Hinojal S.L. Hinojal I, Hinojal II y Zarzuela II Eólica 2007 36 100% 36 Gestora Fotovoltaica de Castellón S.L. Les Coves de Vinromà Solar 2008 1.1 76% 0.8 Parc Eòlic Mudéfer, S.L. Mudéfer II Eólica 2010 12.6 84% 10.6 Parc Eòlic Mudéfer, S.L. Mudéfer I Eólica 2010 45 84% 37.8 Eoliennes de Beausemblant, SAS Beausemblant Eólica 2008 12 80% 9.6 Total 151.3 130.5

Spain is Fersa’s largest market in Western Europe, representing 93% of installed capacity.

Total installed capacity stands at 151.3 MW, of which 130.5 MW is attributable to Fersa

Company Plants Country Start-up MW % Fersa Attributable Generación Eólica India Limited Gadaj I India 2008 31.2 100% 31.2 EN Renewable Energy Limited Hanumanhatti India 2011 50.4 100% 50.4 Total 81.6 81.6

Additionally to Gadag Wind Farm (31.2 MW), from the first quarter of 2011, Fersa ended construction of Hanumanhatti wind farm of 50.4 MW, in operation since the first half of 2011, and which in December 2010 had a installed capacity of 8.8 MW. With this figure Fersa achieve 81.6 MW in the Asian market.

During fiscal year 2012 Fersa has begun construction of the wind farm called Kita, located in India, of 20 MW, which is expected to come into operation during the year 2013.

Fersa holds a 30% stake in 330 MW two wind farms in Promotion fully licensed in Panama (99 MW attributable).

The timetable for development of the wind farm is scheduled to launch in 2014.