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REpower Systems SE

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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
14.09.2006
  • 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.
end of announcement                               euro adhoc 14.09.2006 14:30:28

Further inquiry note:

Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
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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