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Afternoon Guys,


One point we didn’t discuss on our call today was setting up meetings with
the economic development representatives in Oregon (similar to those in NY).
Just wanted to confirm that we should go ahead and try to arrange these
meetings while Ormazabal is in Oregon meeting with the Iberdrola reps.
Please confirm.


Thanks,


Mike


Mike Muldoon

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

mmuldoon@rosemontseneca.com <eschwerin@obblaw.com>

*P** **Consider the environment before printing this email.***


*From:* Pio Mortera Nales [mailto:pio@transatlanticeg.com]
*Sent:* Thursday, March 11, 2010 6:04 AM
*To:* Lorenzo Roccia; Hunter Biden; Devon Archer (
darcher@rosemontcapital.com); Abel Navarro Homet; Eric Schwerin; Michael
Muldoon; Rob Walker
*Subject:* New York, New York


Hello all,


We have had a very good conversation with Roberto Fernández regarding the
New York State possibilities. He has really liked the idea of locating an
Ormazabal team there of 10 or 12 people focused in offshore technology, as
he considers NY one of the most important States in offshore development.
Having this new location, they could focus the Iowa facility in Transformer
Substations for onshore and the NY facility for offshore cubicles.


Ormazabal is close to acquiring one of their cubicle distributors, who has
installed all their offshore wind farms in UK. This distributor is
considering the possibility of installing an office in Canada. Roberto told
us he could persuade this distributor to open their business in USA instead
of Canada, having also a good entry to the latter’s market. He liked this
idea very much.


Apart from this, we spoke about GE, which has recently acquired a Swedish
company to develop a 4MW wind turbine generator (for offshore wind farms).
They think GE is going to win an offshore project to be built by the end of
2011 the earliest, and it will be good to prepare a good position. GE has
never developed an offshore wind farm, and they will need technical
assistance. The idea will be having a high level meeting with GE on the
Wednesday of April’s trip, in order to offer them both technical assistance
and Ormazabal’s products, focusing on offshore.


I attach a document, sent by Roberto, which shows the European offshore
market and Ormazabal’s market share, absolutely impressive. He told us he
will have for Friday the draft of the final presentation for the
Administration, which we will send you as soon as we have it.


Abel sent Roberto the last presentation you made; we will give you his
feedback.


Best regards,


*Pío Mortera Nales*

Ingeniero Industrial


c/ Serrano 26, 8º I

28001, Madrid, Spain

*Teléfono*: +34 91 781 91 16 - *Fax*: +34 91 431 42 01

*Móvil*: +34 600 574 212

*e-mail*: pio@transatlanticeg.co