Timing

• Bankable Wind Resource Study (2 year data) by GeoNet available
• Grid connection study approved by MRSK grid company.
• Land lease signed for 50 years.
• Selection of Wind Turbine Q1 2017 (depending on local content requirements)
• Participation in Russian Government Tender  for subsidy in May-June 2017
• Financial Closure: Q3, 2017
• Installation anticipated: 2018 – 2019