Background on Coastal Point Energy and the Advanced Offshore Wind System Coastal Point Energy LLC (CPE, Coastal Point or the Company) was founded in 2002 and is based in Lafayette, Louisiana. We are the successor to Wind Energy Systems Technology ("W.E.S.T.") and the lessee of the Galveston Wind Farm Lease totaling over 12,000 acres in US coastal waters of Texas. The company owns the only licensed wind energy platform in U.S. coastal waters. The platform is currently the site for a meteorological tower that has been used to collect wind data for over 48 months. Coastal is a development company and an EPC provider of the Advanced Offshore Wind System to other owners/developers.