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REpower and RWE Innogy agree major framework agreement for the offshore wind industry

Hamburg (euro adhoc) -

Delivery of up to 250 REpower 5M/6M offshore turbines
 Turbines to be
used at the Innogy Nordsee 1 wind farm, in the UK and the Netherlands
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
Hamburg/Essen, 18 February 2009. REpower
Systems AG (WKN 617703) and RWE Innogy GmbH today signed a framework 
agreement on the supply of 250 REpower 5M/6M offshore wind energy 
units. With a potential volume of approx. EUR 2 billion, this 
framework agreement represents one of the largest contracts in the 
history of wind industry and is at the same time the largest 
agreement ever in the area of offshore wind energy use.
Prof. Fritz Vahrenholt, Chairman of the Board of RWE Innogy: "This 
agreement underlines once again quite clearly that RWE Innogy is 
maintaining a high in-vestment tempo even in times of financial 
crisis." The first 30 offshore wind en-ergy units of the REpower 5M 
model are scheduled to be delivered in 2011, and the delivery volume 
will continue to rise through the years 2012 to 2015. The units will 
for the most part be used in the planned Innogy Nordsee 1 wind farm, 
which will be built 40 kilometres to the north of the East Frisian 
island of Juist. Due to the distance, the wind farm will not be 
visible from the coast.
Kevin McCullough, Chief Operating Officer of RWE Innogy, reports: 
"Innogy Nordsee 1 is an extremely exciting project. 40 kilometres 
north of the island of Juist, we are planning to construct between 
150 and 180 wind turbines of the 5 and 6 megawatt class at water 
depths of 26 to 34 meters. With an installed ca-pacity of around 
1,000 MW, the wind farm will statistically be able to supply 
elec-tricity to around 780,000 households. The agreement allows for 
significant flexi-bility across the full range of our offshore 
projects under development, including important markets like The 
Netherlands and the UK. That´s why we are pleased to have such an 
experienced and innovative partner as REpower to support us."
Matthias Schubert, CTO of REpower Systems AG, says: "We started to 
invest at a very early stage in the technologically ambitious 
offshore business. Four and a half years after the first 5M was 
built, we now have 17 5M turbines onshore and offshore and are market
leader in the field of multi-megawatt systems, which have now been in
serial production in our new manufacturing and logistics centre in 
Bremerhaven since the end of 2008."
Per Hornung Pedersen, CEO of REpower Systems AG, adds: "We are very 
pleased to be able to realise one of the largest ever wind power 
projects off the German coast in partnership with RWE. This 
represents a positive signal for the entire wind industry 
particularly against the background of the current economic 
situation. When completed, Innogy Nordsee 1 will be able to make a 
significant contribution to the climate goals of the German 
government and the European Union."
With a nominal output of 5 and 6 megawatts and a rotor diameter of 
126 meters, the 5M and 6M are among the largest and most powerful 
wind energy systems in the world. The rotor consists of three rotor 
blades of 61.5 meters in length and has an area greater than that of 
two football fields, while the turbine house has the dimensions of a 
semi-detached house. REpower is currently installing the first three 
machines of the 6M series in an onshore project on the border to 
end of announcement                               euro adhoc

Further inquiry note:

Heike Binder
Tel.: +49(0)40 5555090-3209

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, Quotrix
Börsen: Börse Berlin / Open Market
Börse Hamburg / Open Market
Börse Stuttgart / Open Market
Börse Düsseldorf / Open Market
Börse München / Open Market
Börse Frankfurt / regulated dealing/prime standard

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