UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

              Current Report Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

  Date of Report (Date of earliest event reported): July 3, 2006

                        COMPOSITE TECHNOLOGY CORPORATION


             (Exact name of registrant as specified in its charter)



            Nevada                     000-10999                  59-2025386
            ------                     ----------                 ----------
(State or other jurisdiction    (Commission File Number)        (IRS Employer
      of incorporation)                                      Identification No.)


                                2026 McGaw Avenue
                                Irvine, CA 92614
          (Address of principal executive offices, including zip code)

       Registrant's telephone number, including area code: (949) 428-8500

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Forward Looking Statements

      This Form 8-K and other reports filed by Registrant from time to time with
the Securities and Exchange Commission (collectively the "Filings") contain or
may contain forward looking statements and information that are based upon
beliefs of, and information currently available to, Registrant's management as
well as estimates and assumptions made by Registrant's management. When used in
the filings the words "anticipate", "believe", "estimate", "expect", "future",
"intend", "plan" or the negative of these terms and similar expressions as they
relate to Registrant or Registrant's management identify forward looking
statements. Such statements reflect the current view of Registrant with respect
to future events and are subject to risks, uncertainties, assumptions and other
factors (including the risks contained in the section of the Registrant's Form
10-K entitled "Risk Factors") relating to Registrant's industry, Registrant's
operations and results of operations and any businesses that may be acquired by
Registrant. Should one or more of these risks or uncertainties materialize, or
should the underlying assumptions prove incorrect, actual results may differ
significantly from those anticipated, believed, estimated, expected, intended or
planned.

      Although the Registrant believes that the expectations reflected in the
forward looking statements are reasonable, the Registrant cannot guarantee
future results, levels of activity, performance or achievements. Except as
required by applicable law, including the securities laws of the United States,
the Registrant does not intend to update any of the forward-looking statements
to conform these statements to actual results. The following discussion should
be read in conjunction with Registrant's pro forma financial statements that
will be filed by Registrant within 71 days of the date that this Form 8-K is
required to be filed, as described in Item 9.01 below.


Item 1.01.  Entry into a Material Definitive Agreement

EU Energy Acquisition

      On June 2, 2006, Composite Technology Corporation (the "Registrant" or
"CTC") entered into a Share Exchange Agreement ("Share Exchange Agreement") with
shareholders holding substantially all capital stock of EU Energy plc., a U.K.
public company registered in England and Wales that subsequently became a U.K.
private company known as EU Energy Limited on June 15, 2006 ("EU Energy"), and
Michael Porter, EU Energy's Chairman and Chief Executive Officer. Under the
terms of the Share Exchange Agreement, the EU Energy shareholders agreed to
exchange each EU Energy share for one-and-a-half shares of CTC common stock
("Share Exchange"). The parties closed the Share Exchange transaction on July 3,
2006 ("Closing Date").

      In connection with the closing of the Share Exchange, the Registrant and
the certain major EU Energy shareholders ("Major Shareholders") executed a EU
Energy Principals' Agreement ("Principals' Agreement"). The Principals'
Agreement, restricts the transfer of the CTC shares of common stock issued
pursuant to the Share Exchange to these shareholders ("Locked Up Shares"). Each
of the Major Shareholders may dispose of only 1/12th of the Locked Up Shares
held by such shareholder on the monthly anniversary of the Closing Date, such
that by the 12th month after the Closing Date, all of the Locked Up Shares shall
have been released from the transferability restrictions. In addition, no Major
Shareholder may dispose of more than 1/6th of the Locked Up Shares during any 30
day period of the Lock-Up Period. Further, these Locked Up Shares may be
surrendered to CTC in order to satisfy EU Energy-related indemnification
obligations under the Share Exchange Agreement.

      Also, in connection with the Share Exchange, the Registrant entered into
an Executive Employment Agreement ("Employment Agreement") with Michael Porter
("Porter") in which Porter would serve as the President of the Registrant. The
Employement Agreement terminated a Consulting Agreement between EU Energy and
Laikadog Holdings Limited, a company owned and controlled by Porter. Under the
Employment Agreement, Porter would be paid a base salary of $400,000 per year.
He would also be eligible to receive a bonus as determined by the Company in its
sole discretion. If the Registrant terminated Porter for cause, or due to death
or disability, then Porter would be paid his base salary and benefits through
the effective date of termination. If he were terminated without Cause and not
due to death or disability, then Porter would be paid his base salary and
benefits through the six month anniversary of the effective date of termination.
Porter also agreed to customary inventions assignment, non-solicitation and
non-competition covenants under his Employment Agreement.
<PAGE>

McIntosh Related Agreements

      On July 3, 2006, the Registrant entered into a letter agreement with The
McIntosh Group ("TMG"), a law firm of which Michael McIntosh, a director of the
Registrant, is one of its owners. The letter agreement terminated a previous
agreement with TMG that covered the same activities. TMG will prepare, file,
prosecute and maintain new and existing intellectual property applications for
the Registrant and its subsidiary, CTC Cable Corporation ("CTC Cable"). TMG will
also perform freedom to operate studies, as necessary, and prepare intellectual
property-related agreements for CTC Cable and the Registrant. The Registrant
will pay TMG $250,000 per year for such services, payable monthly in advance of
each month. The Registrant will also reimburse TMG for out-of-pocket costs
reasonably incurred in the performance of services. The term of this agreement
expires on July 3, 2009; provided that it may be terminated prior to such date
by either party upon 30 days' written notice.

      In addition, EU Energy also entered into a letter agreement with TMG. TMG
will prepare, file, prosecute and maintain new and existing intellectual
property applications for EU Energy. TMG will also perform freedom to operate
studies, as necessary, and prepare intellectual property-related agreements. EU
Energy will pay TMG $250,000 per year for such services, payable monthly in
advance of each month. The Registrant will also reimburse TMG for out-of-pocket
costs reasonably incurred in the performance of services. The term of this
agreement expires on July 3, 2009; provided that it may be terminated prior to
such date by either party upon 30 days' written notice.

      The Registrant also entered into a consulting agreement ("Consulting
Agreement") with Technology Management Advisors, LLC ("Consultant"), a Colorado
limited liability company controlled and owned by Michael McIntosh, on July 3,
2006. The Consulting Agreement terminated a previous agreement with the
Consultant that covered the same services. Consultant will advise management in
all aspects of the Registrant's technology protection and management program,
including, among other things: filing U.S. and international patent
applications; managing outside legal counsel; working with research and
development efforts to coordinate initial patent filings with subsequent
anticipated filings; advising management on third party arrangements and joint
venture strategies; and, advising management on licensing, marketing and
technology development agreements. Consultant will also assist management in
evaluating new technology to assess whether the Company should pursue
acquisition of the underlying intellectual property rights associated with such
technologies. The Consulting Agreement provides that the services will be
provided by McIntosh or under his supervision. Consultant will be paid $250,000
per year, payable in equal installments at the beginning of each calendar month.
This Consulting Agreement will terminate on July 3, 2009, provided that it may
be terminated at the end of each anniversary of its effective date upon 90 days
prior written notice to the other party.

Item 2.01.  Completion of Acquisition or Disposition of Assets

      On July 3, 2006, pursuant to the terms of the Share Exchange, the
Registrant acquired 100% of the capital stock of EU Energy in exchange for
39,169,170 shares of newly-issued common stock of the Registrant. By virtue of
the Share Exchange, EU Energy became a wholly-owned subsidiary of the
Registrant.


      EU Energy was organized as a United Kingdom company in October 2003. EU
Energy is a U.K. based developer, manufacturer and seller of wind energy
turbines.
<PAGE>

Item 3.02  Unregistered Sales of Equity Securities

      On June 15, 2006, the Registrant issued 450,000 shares of its common stock
to four accredited investors in settlement of a bankruptcy claim for liquidated
damages related to the delay in filing an effective registration statement for
certain convertible debentures originally issued in August 2004. The Registrant
valued the shares at $1.56 per share at the direction of the US Bankruptcy
court; the price represented the 20 day volume weighted average price for the 20
days prior to November 21, 2005 as calculated by the Bankruptcy Court for
bankruptcy settlements. The Registrant recorded a bankruptcy settlement expense
of $702,000 during the quarter ended June 30, 2006. The Registrant relied upon
the exemption from registration under the Securities Act by reason of Section
1145 of the Bankruptcy Code for the issuance of these securities.

      As of July 3, 2006, in connection with the Share Exchange, the Registrant
issued 39,169,670, shares of its common stock to shareholders of EU Energy. The
Registrant relied upon Regulation S promulgated under the Securities Act of
1933, as amended, for the offer and sale of its stock to all but one EU Energy
shareholder. It relied upon Section 4(2) of the Securities Act for the offer and
sale to such other EU Energy shareholder. It believed that Regulation S was
available because the offer and sale did not involve a public offering in the
United States. It believed that Section 4(2) was available because the offer and
sale was not a public offering of its securities and there was not general
solicitation or general advertising involved in the offer or sale.


Item 5.02  Appointment of Principal Officers.

      On July 3, 2006, the Board appointed Porter as President of the
Registrant. Porter entered into an employment agreement with the Registrant
which has been described in more detail under Item 1.01.

      From 1993 to July 2002 Porter acted as a consultant, and in some cases
director for various investment companies and medium sized business groups in
the establishing their European and Middle East banking, manufacturing and/or
sales operations. The main clients were Skywin Investment Group, Pelletier
Investors Group, Howe and Partners, and Murphy Oil and Gas exploration. From
September 2002 to October 2003, Porter assisted CTC as a consultant in
establishing and financing the development of its wind towers in Europe. In
October 2003, Michael Porter founded EU Energy Group of companies. In July 2005
EU Energy plc purchased DeWind GmbH, the designer and manufacturer of the DeWind
range of Wind Turbines. Since the inception of EU Energy, Porter has held the
position of Chairman and Chief Executive Officer. He also holds the same
position in EU Energy Wind Limited and DeWind Holdings Ltd in the UK and is
Managing Director of DeWind GmbH and EU Energy Service and Maintenance GmbH in
Lubeck Germany and Chairman of EU Energy North America Inc in the US, all of
which are 100% wholly owned subsidiaries of EU Energy. He is also Chairman and
Chief Executive Officer of EU Energy Wingpower Ltd., a 75% owned subsidiary of
EU Energy.

      Porter is a controlling shareholder of several corporations that are
shareholders of EU Energy. As more fully described under Item 1.01, the
Registrant entered into a transaction with such shareholders pursuant to which
the Registrant acquired all outstanding shares of EU Energy in exchange for
newly-issued shares of Registrant common stock. Such shareholders also agreed to
subject the CTC stock to certain transferability restrictions under the EU
Energy Principals' Agreement.

      There is no family relationship between any of our former or current
officers or directors and our proposed officers. There are no orders, judgments,
or decrees of any governmental agency or administrator, or of any court of
competent jurisdiction, revoking or suspending for cause any license, permit or
other authority to engage in the securities business or in the sale of a
particular security or temporarily or permanently restraining any of our
officers or directors from engaging in or continuing any conduct, practice or
employment in connection with the purchase or sale of securities, or convicting
such person of any felony or misdemeanor involving a security, or any aspect of
the securities business or of theft or of any felony. Nor are any of the
officers or directors of any corporation or entity affiliated with us so
enjoined.

Item 8.01  Other Events

      The Registrant intends to disclose additional information pertaining to
the acquisition of EU Energy and its business in a subsequent amendment to this
Form 8-K.

<PAGE>

Item 9.01.    Financial Statement and Exhibits.

(a) Financial Statements of businesses acquired.*

(b) Pro forma financial information.*

*To be filed by amendment within 71 days of the date this Form 8-K is due
pursuant to Item 9.01 (a)(4) of Form 8-K.

(c) Shell company transactions. Not applicable.

(d) Exhibits

  Exhibit
  Number         Description
  ------         -----------

     10.1         Share Exchange Agreement dated as of June 2, 2006 by and among
                  the Registrant, certain shareholders of EU Energy plc. (now
                  called EU Energy Ltd.), and Michael Porter (1)

     10.2         EU Energy Principals' Agreement dated as of July 3, 2006 by
                  and among the Registrant, certain shareholders of EU Energy
                  Ltd.

     10.3         Executive Employment Agreement dated as of July 3, 2006 by and
                  between the Registrant and Michael Porter

     10.4         Letter Agreement dated as of July 3, 2006 by and between the
                  Registrant and The McIntosh Group

     10.5         Letter Agreement dated as of July 3, 2006 by and between EU
                  Energy and The McIntosh Group

     10.6         Consulting Agreement dated as of July 3, 2006 by and between
                  the Registrant and Technology Management Advisors, LLC

----------
(1) Previously filed

<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                           Composite Technology Corporation

                                           By: /s/ Benton Wilcoxon
                                              ----------------------------------
                                               Benton Wilcoxon
                                               Chief Executive Officer

Dated: July 7, 2006


<PAGE>



                                  Exhibit Index

  Exhibit
  Number         Description
  ------         -----------

     10.1         Share Exchange Agreement dated as of June 2, 2006 by and among
                  the Registrant, certain shareholders of EU Energy plc. (now
                  called EU Energy Ltd.), and Michael Porter (1)

     10.2         EU Energy Principals' Agreement dated as of July 3, 2006 by
                  and among the Registrant, certain shareholders of EU Energy
                  Ltd.

     10.3         Executive Employment Agreement dated as of July 3, 2006 by and
                  between the Registrant and Michael Porter

     10.4         Letter Agreement dated as of July 3, 2006 by and between the
                  Registrant and The McIntosh Group

     10.5         Letter Agreement dated as of July 3, 2006 by and between EU
                  Energy and The McIntosh Group

     10.6         Consulting Agreement dated as of July 3, 2006 by and between
                  the Registrant and Technology Management Advisors, LLC

----------
(1) Previously filed
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

              Current Report Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

  Date of Report (Date of earliest event reported): July 3, 2006

                        COMPOSITE TECHNOLOGY CORPORATION

             (Exact name of registrant as specified in its charter)

            Nevada                     000-10999                  59-2025386
            ------                     ----------                 ----------
(State or other jurisdiction    (Commission File Number)        (IRS Employer
      of incorporation)                                      Identification No.)

                                2026 McGaw Avenue
                                Irvine, CA 92614
          (Address of principal executive offices, including zip code)

       Registrant's telephone number, including area code: (949) 428-8500

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
Forward Looking Statements

      This Form 8-K and other reports filed by Registrant from time to time with
the Securities and Exchange Commission (collectively the "Filings") contain or
may contain forward looking statements and information that are based upon
beliefs of, and information currently available to, Registrant's management as
well as estimates and assumptions made by Registrant's management. When used in
the filings the words "anticipate", "believe", "estimate", "expect", "future",
"intend", "plan" or the negative of these terms and similar expressions as they
relate to Registrant or Registrant's management identify forward looking
statements. Such statements reflect the current view of Registrant with respect
to future events and are subject to risks, uncertainties, assumptions and other
factors (including the risks contained in the section of the Registrant's Form
10-K entitled "Risk Factors") relating to Registrant's industry, Registrant's
operations and results of operations and any businesses that may be acquired by
Registrant. Should one or more of these risks or uncertainties materialize, or
should the underlying assumptions prove incorrect, actual results may differ
significantly from those anticipated, believed, estimated, expected, intended or
planned.

      Although the Registrant believes that the expectations reflected in the
forward looking statements are reasonable, the Registrant cannot guarantee
future results, levels of activity, performance or achievements. Except as
required by applicable law, including the securities laws of the United States,
the Registrant does not intend to update any of the forward-looking statements
to conform these statements to actual results. The following discussion should
be read in conjunction with Registrant's pro forma financial statements that
will be filed by Registrant within 71 days of the date that this Form 8-K is
required to be filed, as described in Item 9.01 below.

Item 1.01.  Entry into a Material Definitive Agreement

EU Energy Acquisition

      On June 2, 2006, Composite Technology Corporation (the "Registrant" or
"CTC") entered into a Share Exchange Agreement ("Share Exchange Agreement") with
shareholders holding substantially all capital stock of EU Energy plc., a U.K.
public company registered in England and Wales that subsequently became a U.K.
private company known as EU Energy Limited on June 15, 2006 ("EU Energy"), and
Michael Porter, EU Energy's Chairman and Chief Executive Officer. Under the
terms of the Share Exchange Agreement, the EU Energy shareholders agreed to
exchange each EU Energy share for one-and-a-half shares of CTC common stock
("Share Exchange"). The parties closed the Share Exchange transaction on July 3,
2006 ("Closing Date").

      In connection with the closing of the Share Exchange, the Registrant and
the certain major EU Energy shareholders ("Major Shareholders") executed a EU
Energy Principals' Agreement ("Principals' Agreement"). The Principals'
Agreement, restricts the transfer of the CTC shares of common stock issued
pursuant to the Share Exchange to these shareholders ("Locked Up Shares"). Each
of the Major Shareholders may dispose of only 1/12th of the Locked Up Shares
held by such shareholder on the monthly anniversary of the Closing Date, such
that by the 12th month after the Closing Date, all of the Locked Up Shares shall
have been released from the transferability restrictions. In addition, no Major
Shareholder may dispose of more than 1/6th of the Locked Up Shares during any 30
day period of the Lock-Up Period. Further, these Locked Up Shares may be
surrendered to CTC in order to satisfy EU Energy-related indemnification
obligations under the Share Exchange Agreement.

      Also, in connection with the Share Exchange, the Registrant entered into
an Executive Employment Agreement ("Employment Agreement") with Michael Porter
("Porter") in which Porter would serve as the President of the Registrant. The
Employement Agreement terminated a Consulting Agreement between EU Energy and
Laikadog Holdings Limited, a company owned and controlled by Porter. Under the
Employment Agreement, Porter would be paid a base salary of $400,000 per year.
He would also be eligible to receive a bonus as determined by the Company in its
sole discretion. If the Registrant terminated Porter for cause, or due to death
or disability, then Porter would be paid his base salary and benefits through
the effective date of termination. If he were terminated without Cause and not
due to death or disability, then Porter would be paid his base salary and
benefits through the six month anniversary of the effective date of termination.
Porter also agreed to customary inventions assignment, non-solicitation and
non-competition covenants under his Employment Agreement.
McIntosh Related Agreements

      On July 3, 2006, the Registrant entered into a letter agreement with The
McIntosh Group ("TMG"), a law firm of which Michael McIntosh, a director of the
Registrant, is one of its owners. The letter agreement terminated a previous
agreement with TMG that covered the same activities. TMG will prepare, file,
prosecute and maintain new and existing intellectual property applications for
the Registrant and its subsidiary, CTC Cable Corporation ("CTC Cable"). TMG will
also perform freedom to operate studies, as necessary, and prepare intellectual
property-related agreements for CTC Cable and the Registrant. The Registrant
will pay TMG $250,000 per year for such services, payable monthly in advance of
each month. The Registrant will also reimburse TMG for out-of-pocket costs
reasonably incurred in the performance of services. The term of this agreement
expires on July 3, 2009; provided that it may be terminated prior to such date
by either party upon 30 days' written notice.

      In addition, EU Energy also entered into a letter agreement with TMG. TMG
will prepare, file, prosecute and maintain new and existing intellectual
property applications for EU Energy. TMG will also perform freedom to operate
studies, as necessary, and prepare intellectual property-related agreements. EU
Energy will pay TMG $250,000 per year for such services, payable monthly in
advance of each month. The Registrant will also reimburse TMG for out-of-pocket
costs reasonably incurred in the performance of services. The term of this
agreement expires on July 3, 2009; provided that it may be terminated prior to
such date by either party upon 30 days' written notice.

      The Registrant also entered into a consulting agreement ("Consulting
Agreement") with Technology Management Advisors, LLC ("Consultant"), a Colorado
limited liability company controlled and owned by Michael McIntosh, on July 3,
2006. The Consulting Agreement terminated a previous agreement with the
Consultant that covered the same services. Consultant will advise management in
all aspects of the Registrant's technology protection and management program,
including, among other things: filing U.S. and international patent
applications; managing outside legal counsel; working with research and
development efforts to coordinate initial patent filings with subsequent
anticipated filings; advising management on third party arrangements and joint
venture strategies; and, advising management on licensing, marketing and
technology development agreements. Consultant will also assist management in
evaluating new technology to assess whether the Company should pursue
acquisition of the underlying intellectual property rights associated with such
technologies. The Consulting Agreement provides that the services will be
provided by McIntosh or under his supervision. Consultant will be paid $250,000
per year, payable in equal installments at the beginning of each calendar month.
This Consulting Agreement will terminate on July 3, 2009, provided that it may
be terminated at the end of each anniversary of its effective date upon 90 days
prior written notice to the other party.

Item 2.01.  Completion of Acquisition or Disposition of Assets

      On July 3, 2006, pursuant to the terms of the Share Exchange, the
Registrant acquired 100% of the capital stock of EU Energy in exchange for
39,169,170 shares of newly-issued common stock of the Registrant. By virtue of
the Share Exchange, EU Energy became a wholly-owned subsidiary of the
Registrant.

      EU Energy was organized as a United Kingdom company in October 2003. EU
Energy is a U.K. based developer, manufacturer and seller of wind energy
turbines.
Item 3.02  Unregistered Sales of Equity Securities

      On June 15, 2006, the Registrant issued 450,000 shares of its common stock
to four accredited investors in settlement of a bankruptcy claim for liquidated
damages related to the delay in filing an effective registration statement for
certain convertible debentures originally issued in August 2004. The Registrant
valued the shares at $1.56 per share at the direction of the US Bankruptcy
court; the price represented the 20 day volume weighted average price for the 20
days prior to November 21, 2005 as calculated by the Bankruptcy Court for
bankruptcy settlements. The Registrant recorded a bankruptcy settlement expense
of $702,000 during the quarter ended June 30, 2006. The Registrant relied upon
the exemption from registration under the Securities Act by reason of Section
1145 of the Bankruptcy Code for the issuance of these securities.

      As of July 3, 2006, in connection with the Share Exchange, the Registrant
issued 39,169,670, shares of its common stock to shareholders of EU Energy. The
Registrant relied upon Regulation S promulgated under the Securities Act of
1933, as amended, for the offer and sale of its stock to all but one EU Energy
shareholder. It relied upon Section 4(2) of the Securities Act for the offer and
sale to such other EU Energy shareholder. It believed that Regulation S was
available because the offer and sale did not involve a public offering in the
United States. It believed that Section 4(2) was available because the offer and
sale was not a public offering of its securities and there was not general
solicitation or general advertising involved in the offer or sale.

Item 5.02  Appointment of Principal Officers.

      On July 3, 2006, the Board appointed Porter as President of the
Registrant. Porter entered into an employment agreement with the Registrant
which has been described in more detail under Item 1.01.

      From 1993 to July 2002 Porter acted as a consultant, and in some cases
director for various investment companies and medium sized business groups in
the establishing their European and Middle East banking, manufacturing and/or
sales operations. The main clients were Skywin Investment Group, Pelletier
Investors Group, Howe and Partners, and Murphy Oil and Gas exploration. From
September 2002 to October 2003, Porter assisted CTC as a consultant in
establishing and financing the development of its wind towers in Europe. In
October 2003, Michael Porter founded EU Energy Group of companies. In July 2005
EU Energy plc purchased DeWind GmbH, the designer and manufacturer of the DeWind
range of Wind Turbines. Since the inception of EU Energy, Porter has held the
position of Chairman and Chief Executive Officer. He also holds the same
position in EU Energy Wind Limited and DeWind Holdings Ltd in the UK and is
Managing Director of DeWind GmbH and EU Energy Service and Maintenance GmbH in
Lubeck Germany and Chairman of EU Energy North America Inc in the US, all of
which are 100% wholly owned subsidiaries of EU Energy. He is also Chairman and
Chief Executive Officer of EU Energy Wingpower Ltd., a 75% owned subsidiary of
EU Energy.

      Porter is a controlling shareholder of several corporations that are
shareholders of EU Energy. As more fully described under Item 1.01, the
Registrant entered into a transaction with such shareholders pursuant to which
the Registrant acquired all outstanding shares of EU Energy in exchange for
newly-issued shares of Registrant common stock. Such shareholders also agreed to
subject the CTC stock to certain transferability restrictions under the EU
Energy Principals' Agreement.

      There is no family relationship between any of our former or current
officers or directors and our proposed officers. There are no orders, judgments,
or decrees of any governmental agency or administrator, or of any court of
competent jurisdiction, revoking or suspending for cause any license, permit or
other authority to engage in the securities business or in the sale of a
particular security or temporarily or permanently restraining any of our
officers or directors from engaging in or continuing any conduct, practice or
employment in connection with the purchase or sale of securities, or convicting
such person of any felony or misdemeanor involving a security, or any aspect of
the securities business or of theft or of any felony. Nor are any of the
officers or directors of any corporation or entity affiliated with us so
enjoined.

Item 8.01  Other Events

      The Registrant intends to disclose additional information pertaining to
the acquisition of EU Energy and its business in a subsequent amendment to this
Form 8-K.
Item 9.01.    Financial Statement and Exhibits.

(a) Financial Statements of businesses acquired.*

(b) Pro forma financial information.*

*To be filed by amendment within 71 days of the date this Form 8-K is due
pursuant to Item 9.01 (a)(4) of Form 8-K.

(c) Shell company transactions. Not applicable.

(d) Exhibits

  Exhibit
  Number         Description
  ------         -----------

     10.1         Share Exchange Agreement dated as of June 2, 2006 by and among
                  the Registrant, certain shareholders of EU Energy plc. (now
                  called EU Energy Ltd.), and Michael Porter (1)

     10.2         EU Energy Principals' Agreement dated as of July 3, 2006 by
                  and among the Registrant, certain shareholders of EU Energy
                  Ltd.

     10.3         Executive Employment Agreement dated as of July 3, 2006 by and
                  between the Registrant and Michael Porter

     10.4         Letter Agreement dated as of July 3, 2006 by and between the
                  Registrant and The McIntosh Group

     10.5         Letter Agreement dated as of July 3, 2006 by and between EU
                  Energy and The McIntosh Group

     10.6         Consulting Agreement dated as of July 3, 2006 by and between
                  the Registrant and Technology Management Advisors, LLC

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(1) Previously filed
SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                           Composite Technology Corporation

                                           By: /s/ Benton Wilcoxon
                                              ----------------------------------
                                               Benton Wilcoxon
                                               Chief Executive Officer

Dated: July 7, 2006
Exhibit Index

  Exhibit
  Number         Description
  ------         -----------

     10.1         Share Exchange Agreement dated as of June 2, 2006 by and among
                  the Registrant, certain shareholders of EU Energy plc. (now
                  called EU Energy Ltd.), and Michael Porter (1)

     10.2         EU Energy Principals' Agreement dated as of July 3, 2006 by
                  and among the Registrant, certain shareholders of EU Energy
                  Ltd.

     10.3         Executive Employment Agreement dated as of July 3, 2006 by and
                  between the Registrant and Michael Porter

     10.4         Letter Agreement dated as of July 3, 2006 by and between the
                  Registrant and The McIntosh Group

     10.5         Letter Agreement dated as of July 3, 2006 by and between EU
                  Energy and The McIntosh Group

     10.6         Consulting Agreement dated as of July 3, 2006 by and between
                  the Registrant and Technology Management Advisors, LLC

----------
(1) Previously filed