REpower Systems SE

euro adhoc: REpower Systems AG
Joint Ventures/Cooperation/Collaboration / REpower starts co-operation in India

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- License agreement with Indian Essar group

      - Joint Venture planned for 2007

Mumbai/Hamburg, 14 September 2006.  REpower  Systems  AG  (Prime Standard,  WKN 617703) will sign a license agreement with  the  Essar group,  one  of  India's leading industrial conglomerates. The signing  ceremony  is  expected  to  take place tomorrow. REpower with its reliable 1.5  megawatt  technology  REpower  MD will thus be represented on the growing Indian wind energy market.  Furthermore, the partners intend to form a joint venture which is to produce  also REpower's 2.0 megawatt turbines in 2007.

After REpower announced its imminent market entry in the US and  the conclusion of a joint venture contract in China, it will hereby enter into the vast  Indian wind energy market. The contract territory of the planned joint  venture  "Essar REpower India" shall moreover cover potential markets in Malaysia, Thailand  and Vietnam. REpower again managed to secure a controlling  interest  in  the  joint venture just as in the recently established "REpower North (China) Ltd".

India with approx. 4,250 megawatts of totally installed wind power capacity  is today the largest market in Asia and ranks No. 4 in  the world.  Essar's  newly founded subsidiary "Essar Wind Farms" plans to realise windfarm projects with  a total rated power of at least 300 megawatts until 2010.

The Essar group is one of India's largest corporations  and  is amongst  others involved  in  industries  like  steel    production, construction    and    power generation. Besides towers specially developed  for  using  Essar's  steelplates grade, REpower and Essar also plan to  co-operate  on  37m  blades  designed  by REpower. The parties furthermore examine possibilities  to  build  up  a  local gearbox supply.

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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

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