REpower Systems SE

REpower Systems AG and enXco Inc sign agreement to supply turbines to the US market

- 56 MM92 turbines scheduled to be delivered in 2007 - Largest single order for REpower to date - Patent Licence agreement concluded between REpower and GE

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Hamburg/Escondido, 30 June 2006. REpower Systems AG (WKN 617703) will soon enter the US market. 56 MM92 turbines are to be supplied to enXco Inc., the US subsidiary of EDF Energies Nouvelles in 2007. An option for a further 19 turbines of the same type was also arranged. REpower is able to enter the US market through a cross-licence agreement concluded with its competitor GE with regard to the use of several patents.

enXco is to install the wind turbines on the West Coast of the United States. The REpower development centre in Rendsburg (Schleswig-Holstein, Germany) has created a technical solution for a 60 Hz version of the MM92 that corresponds to the requirements of the American electricity network.

"Considering the outstanding relationship our parent company enjoys with REpower in Europe, REpower was a logical choice for enXco to face with the need for turbines in the US market. Sourcing REpower turbines will allow us to complete more projects before the end of the current PTC extension period and to meet our ambitious development plan" stated Tristan Grimbert, President and Chief Operating Officer for enXco. "REpower is a premier turbine provider. enXco, with its over 20 year’s experience in the US wind market and its O&M capability, will support REpower for a successful entry on the US market."

"Due to the general change in thinking in American energy policy, which involves moving away from oil and towards alternative forms of energy,  the USA is now a large, attractive market for wind energy", explained Prof. Fritz Vahrenholt, Chairman of the Executive Board of REpower Systems AG. He also added: "The licence agreement concluded with GE is the foundation for a successful growth story in the USA. Dimensions are traditionally bigger there - so it is fitting that our first US project is also the largest single order in the history of REpower."

The turbines will be produced exclusively at the REpower production site in Husum and will be prepared for shipping from there - either from Brunsbüttel or Hamburg.  As this is purely a supply transaction, the shift of risk and responsibility with regard to the goods has been arranged free ship alongside ship (FAS). The towers for all the turbines will be manufactured in the US.

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ots Originaltext: REpower Systems AG
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Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723

Branche: Alternative energy
ISIN:      DE0006177033
WKN:        617703
Index:    Prime All Share, CDAX, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Weitere Meldungen: REpower Systems SE

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