European CleanTech 1 SE (ECT 1) was established in 2010 for the purpose of acquiring one or more businesses, operating in the CleanTech sector with principal business activities in the EEA (European Economic Area) Member States or certain other countries. In October 2012, ECT 1 completed a business combination with Electrawinds NV, the parent company of the Electrawinds Group. The Electrawinds Group, headquartered in Belgium, designs, develops, constructs and operates renewable energy projects throughout Europe and abroad. It is an integrated producer of green electricity in wind energy parks, biomass plants and solar installations. In addition to its Belgian renewable energy plants, the Electrawinds Group has projects operational or in various stages of development in Bulgaria, France, Ireland, Italy, Kenya, Namibia, Poland, Romania, Serbia, South Africa and the United Kingdom. As an integrated operator, the Electrawinds Group has in-house expertise to control projects throughout their project lifetime, from design to development and construction, to operations with an "all-in-one" approach. This expertise and participation at all stages of the project allows the Electrawinds Group to identify and control the key issues in the management of the power stations that are currently under development or operational, and it leverages this experience and know-how to minimize cost and maximize efficiency in the development of new projects. The Electrawinds Group also benefits from a strategy of vertical integration that gives it greater control over the supply of critical raw materials used in the operation of certain of its renewable energy projects, thus reducing supply risks.