EcoSecurities Registers the Largest Project Under the Gold Standard

DUBLIN - EcoSecurities, a leading company in the business of sourcing, developing, and trading carbon credits from greenhouse gas emission reduction projects, announces the registration of the Rotor Elektrik Uretim wind farm in Osmaniye, Turkey, under the Gold Standard in May 2009.

Zorlu Enerji has constructed the first phase of the project, which currently has 15 turbines in place. The wind farm will become operational in the next few weeks and has an installed capacity of 37.5 MW. During the course of this year and into 2010 a further 29 wind turbines will be installed resulting in 54 wind turbines in total, with an installed capacity of 135 MW, saving around 300,000 tonnes of carbon dioxide (CO2) per year.

“We are proud to have registered the largest project under the Gold Standard and this success is attributed to the commitment of Zorlu Enerji, EcoSecurities and our Turkish partner, Il Tekno, to succeed in the emission reduction business in Turkey. The project’s Gold Standard Verified Emission Reductions (VERs) will be retired for entities seeking to offset their emissions from high quality projects with tangible social and environmental impacts”, said Souheil Abboud, EcoSecurities’ Middle East Regional Director.

Murat Sungur Bursa, CEO of Zorlu Energy Group, states that their Group prioritises its investments in renewable energy projects to those with high socio-economic benefits. “We should take action to protect the world from which we take our energy. All companies in the energy sector should be working towards providing secure and sustainable energy sources for future generations, as well as providing them with a clean environment”, added Mr. Bursa.

EcoSecurities carried out the emission reduction development cycle for the wind farm, from the preparation of the Project Design Document (PDD) including sustainability assessment and thorough stakeholder consultation, to validation and registration of the project under the Gold Standard. The first verification for the emission reductions achieved by the wind farm is planned during 2009.

EcoSecurities has over 40 high quality emission reduction projects within its voluntary portfolio, covering a range of geographies, technologies and standards. These standards include; the Gold Standard, the Clean Development Mechanism (CDM), the Voluntary Carbon Standard (VCS), the California Climate Action Registry (CCAR) and Pre-CDM. To access up to date project information on EcoSecurities diverse Voluntary Emission Reduction (VER) portfolio visit www.ecosecurities.com/projectnet.

Editor’s notes:

About Rotor Elektrik Uretim Osmaniye Wind Farm

Zorlu Energy Group’s Rotor Elektrik Uretim Osmaniye Wind Farm is the largest wind energy power plant in Turkey. The project will include a total of 54 wind turbines, and its installed capacity will be 135 MW when fully commissioned in 2010. The first phase of the project will be commissioned in the second half of 2009. The total investment cost of Osmaniye Wind Farm is 200 Million Euros.

About Zorlu Energy Group

Founded in 1993 as Zorlu Energy Electricity Generation Co. Inc., Zorlu Energy Group is currently a leading power group in Turkey. Zorlu Energy Group operates 15 power plants, with a total installed capacity of 560 MW of electricity, and 207 tons/hour of steam.

Besides electricity generation, the Group undertakes natural gas exploration activities, and distributes natural gas in the Turkish regions of Thrace and Gaziantep.

Zorlu Energy Group has a strong presence in Europe, Asia and the Middle East. Additional information is available at www.zoren.com.tr

About EcoSecurities:

EcoSecurities has spent the last 11 years focusing on the area of climate change mitigation activities and is now one of the leading organisations in the business of sourcing, developing and trading emission reductions. EcoSecurities’ emission reduction portfolio is one of the largest in the industry covering a wide range of emission reduction standards (Gold Standard, CDM, VCS etc), technology types and geographical locations. In addition EcoSecurities also provides clients with carbon management services, helping them understand and deal with an increasingly carbon constrained world.

EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO). Additional information is available at www.EcoSecurities.com.

Source: EcoSecurities

For further information please contact: Rachel Mountain, Global Marketing Manager, EcoSecurities, +44(0)1865-296-922, rachel.mountain at ecosecurities.com