THEOLIA

Paris – Feb. 14, 2007. Theolia announced today an agreementwith GE Energy Financial Services, the energy investing unit of GE (NYSE:GE),which will significantly increase Theolia’s wind generation portfolioin Europe, bring additional capital to fund growth, and include an allianceanticipated to bring access to additional wind project development opportunitiesand structured capital expertise.

In an assets-for-equity swap, Theolia will acquire GE Energy Financial Services’ Europeanwind farms, which have a total power generation capacity of 165 megawatts. Inreturn for the contribution of its wind farms to Theolia, GE Energy FinancialServices will receive 5,250,000 new shares of Theolia. Through this transaction,Theolia materially strengthens its operating position in the German market andgives Natenco, Theolia’s subsidiary in Germany, additional growth potential.

In addition, GE Energy Financial Services will support Theolia's ambitiousgrowth strategy by way of a capital contribution of € 20 million in returnfor 1,212,000 new shares and, as part of the agreement, will also be grantedwarrants to acquire 3,000,000 additional Theolia shares. As a result,GE Energy Financial Services will have the opportunity to increase its ownershipin Theolia up to 22 percent of the company’s share capital on a fullydiluted basis.

GE Energy Financial Services’ German wind farms

GE Energy Financial Services’ German wind parks, located at Alsleben,Krusemark, Grossvargula and Zabelsdorf, have a total installed capacity of 165MW. They are composed of 66 REpower 1.5 MW turbines and of 44 GE 1.5 MWturbines. This combined portfolio produces enough power to provide forthe needs of 70,000 homes and reduces greenhouse gas emissions by 350,000 tonsa year, compared to fossil fuel power generation.

A value-creating combination

Theolia and GE Energy Financial Services will work together on a number offronts to bring additional value to both parties. In wind farm development,GE Energy Financial Services will work with Theolia on a preferential basisin the European Union to bring additional growth opportunities to Theolia. Theoliawill also benefit from GE Energy Financial Services’ energy industry andfinancial structuring expertise as well as access to project finance and GE’senergy products and services.

GE Energy Financial Services will be represented on the Board of Theolia.

The alliance with Theolia benefits GE Energy Financial Services by providinginvestment exposure to existing and future development projects with the potentialfor significant financial benefits, as well as access to an experienced managementteam specialized in the growing European renewable energy market.

Jean-Marie SANTANDER , President and CEO of Theolia declared: “ Iam very happy about this new alliance. Our company, created in Aix en Provence ,started by developing energy projects in France . Wethen acquired Ventura , the first significant step in theexpansion of the company. This was followed by our transfer to Eurolistand the acquisition of Natenco in Germany , which transformedTheolia into a leading European wind farm operator. This new alliancewith GE now brings an added dimension to our company. I am very pleasedwith this new transaction and am convinced that it will enhance the value-creatingpotential of Theolia for the benefit of all its shareholders.”

Alex Urquhart , President and CEO of GE Energy Financial Services,said: “ This transaction further extends our commitment tothe renewable energy sector in Europe . Theolia iswell positioned to capitalize on opportunities in the rapidly growing Europeanrenewable energy sector and our collaboration with Theolia is a strong fit withGE Energy Financial Services’ growth strategy for Europe . Weare delighted to forge a close working relationship with Theolia, which we believewill be mutually beneficial .”

Theolia was advised by Société Générale on thistransaction. GE Energy Financial Services was advised by Rothschild.

This acquisition is subject to a number of conditions precedent, includingrelevant corporate and regulatory approvals. A “document E” willbe filed with the French stock exchange authority in connection with this transaction.

Theolia will file a prospectus in relation to the recent PACEO share issuesand the acquisition of Natenco.

About Theolia
Theolia is a leading independent developer of wind farms in France with a growingpresence in renewable energy production across Europe. Through the acquisitionof GE Energy Financial Services’ wind farms in Germany, Theolia significantlyincreases its installed capacity from 78MW to 243MW. Theolia’s activitiescover the development, construction and management of wind farms. Thecompany is present in France, Germany, Spain, Greece, Eastern Europe, Indiaand Brazil. Theolia is listed on Euronext Paris (Eurolist B) under thecode TEO. For more information, visit: www.theolia.com

About GE Energy Financial Services
GE Energy Financial Services' 300 experts invest globally with a long-term view, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With US$13 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, and with European offices in London, Paris and Frankfurt, invests more than US$5 billion annually in two of the world's most capital-intensive industries, energy and water. In renewable energy, GE Energy Financial Services has developed a strong record investing in wind, solar, biomass, hydro and geothermal power, and is growing its portfolio of more than US$1.75 billion in renewable energy assets. For more information: www.geenergyfinancialservices.com .

About GE
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com .