China Wind Power 2009 Annual Meeting Presentation

Annual General Meeting November 12, 2009

Jun Liu Chief Executive Officer
Wendell Zhang Chief Financial Officer Walter Huang Senior Vice President

Forward-looking statements
This presentation contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing.
Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results. Accordingly, investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertakes no obligation to update any forward-looking statement or statements to reflect information, events, results, circumstances or otherwise after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

About China Wind Power International Corp. China Wind is uniquely positioned to capitalize on the growing demand for wind energy in China China Wind is uniquely positioned to capitalize on the growing demand for wind energy in China

Demand China Exclusivity Du Mon County Guaranteed Power Purchase Agreement Profitable 12-14% IRR

Source: IEA Rapid industrialization Looming energy shortage Facing one of the world's biggest environmental crisis China overview

China’s commitment to wind power 2008 12.2 GW 2010 30 GW 2020 100 GW of all power from renewable sources by 2020 st tomorrow 1 4 th today

We make it, they take it
National Renewable Energy Law, effective January 2006
Grid is obligated to purchase all output!
Guaranteed demand
Heilongjiang Provincial Power Grid must buy our electricity
for China Wind

Our current focus: Heilongjiang P rovince Exclusive rights to Wind Power Generation Du Mon County Beijing Shanghai Heilonjoang Province Population: ~38 million Annual electricity use by 2010*: * forecast 74 million MWh

Favourable location Power Grid <2km Wind Speed 70m: 6.9-7.5 m/s Beijing Shanghai
Well located
Flat, solid ground
Easy access with roads and highways

Our portfolio Beijing Shanghai Included in power grid master plan 546 MW over 5 development phases Longer-term potential for building out 1,150 MW

China Wind — Phase 1 Phase 2: 49.5 MW Phases 3-5: 448.5 MW Phase 1: 49 MW 74% bank 26% equity Financing Completed Turbines Status 100% of construction completed 34 turbines producing power 24 GWh generated by end of October 2009

Phase 1: turbines 56% of all globally installed wind power equipment is manufactured in China (2007) DW1.0/56 Two-Bladed DT-1500 Doubly Fed 30 4

China Wind — Phase 2 Financing Turbines Status Construction approved 24 on order, 9 delivered plus 2 installed 70% bank* 30% equity Phase 2: 49.5 MW Phases 3-5: 448.5 MW Phase 1: 49 MW * awaiting final approval from Bank headquarters

Phase 2: turbines DW1.0/56 Two-Bladed HFDY1500/77 Directly Driven DT-1500 Doubly Fed 6 8 21

Phase 2: project timeline Q2/10 Turbines installation commenced Construction completed Q3/09 Q1 /10 Debt financing Q1/09 Construction commenced Equity financing Q3/09

China Wind — Phases 3 to 5 Financing (targeted) Turbines Status 299 turbines planned 70% bank 30% equity Phase 3 feasibility study complete Phase 4 & 5 feasibility studies underway Phase 2: 49.5 MW Phases 3-5: 448.5 MW Phase 1: 49 MW

Phases 3 to 5: project timelines Q2/10 Construction begins Phase 5 ~150MW Phase 4 ~200MW Phase 3 ~100MW Q2/11 Construction begins Q2/12 Construction begins Q4/14 Construction completed Q2/13 Construction completed Q4/11 Construction completed

Business model: costs and revenues*
Electricity Production
Production: 110,743 MWh/yr
Power Price: US$89/MWh
Revenue: US$8.5M /yr
20 Years PPA
Carbon Credits
Credit: 124,381 tons/yr
Price: US$14.81/CO2 ton
Revenue: US$ 1.8M/yr
Forward sold to Goldman Sachs
* Based on average 49 MW project Total Revenue Total Project Cost (including installation) Turbines/towers: US $53.6M Construction: US $13.1M Interest: US $4.1M Other: US $2.2M Total: US $73.0M

Targeted project economics* (20 year average) Capital cost/MW US $1.5 million Levered equity IRR 12-14% * Based on average 49 MW project Installed capacity 49MW Capacity factor 26.31% Revenue: wind power US $8.5M Revenue: carbon credits US $1.8M Total revenue US $10.4M EBITDA US $8.3M Total profit after tax US $3.2M Annual cash flow to equity US $3.9M

Demand China Exclusivity Du Mon County Guaranteed Power Purchase Agreement Profitable 12-14% IRR

http://twitter.com/ChinaWindPower www.ChinaWindPowerInternational.com

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China Wind Power 2009 Annual Meeting Presentation

by TMX Equicom on Sep 11, 2009

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