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REpower Systems SE

REpower expects accelerated growth from the amended Renewable Energy Sources Act (EEG)

Hamburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/Politics
REpower Systems AG (WKN 617 703) welcomes the
key points of the amendment of the Renewable Energy Sources Act (EEG)
which was presented today by Mr. Gabriel, Federal Environment 
Minister of Germany. The Federal Environment Ministry´s examination 
of the EEG came to the conclusion that the current structure of the 
Act should be maintained and that individual regulations for an 
increase of efficiency must be adapted. REpower Systems AG estimates 
that especially the incentives for grid compatible onshore wind 
turbines as well as the increased start-up allowances for offshore 
wind turbines will result in sustainable stimulation of the German 
market.
Besides the additional remuneration of 0.7 eurocent per kilowatt hour
(kWh) for turbines which can be integrated particularly well into the
electricity grid due to their technical features, thus contributing 
to grid stability, there is in the area of onshore wind energy the 
prospect of a reduction of the annual degression from the current 
figure of 2% to 1% in the future.
For offshore wind energy use, the degression does not start as 
originally planned in 2008, but is to taken back to 2014. From 2008, 
the initial remuneration will be increased from 8.74 eurocent to 
11-14 eurocent per KWH. In addition, the limitation in respect to the
assumption of the grid connection costs by the grid operator is 
lifted. Currently the Energy Act (Article 118 Section 7) stipulates 
such an obligation only for offshore facilities where construction 
commences before 31 December 2011.
The final version of the Renewable Energy Sources Act report is to be
released at the end of September and serves as the basis for an 
amendment of the act. It is anticipated that the new regulations will
come into force from 1 January 2009. An exception here is the 
increasing feed-in remuneration for electricity from offshore wind 
parks which will take place from 2008.
Prof. Dr. Fritz Vahrenholt, CEO at REpower Systems AG, expects a 
positive impact from the amended EEG , "The planned changes make 
REpower wind turbines even more attractive. After all our products 
have always been considered as particularly compatible to grids. With
the 0.7 cent per kWh bonus, our customers will benefit twice in the 
future for the high technological expertise of our company, something
which is also reflected in the above-average availability of our 
turbines." In respect of the improvements in the area of offshore 
wind energy use, he added, "Once again it has been shown that we have
the right positioning with the offshore REpower 5M turbine. It is now
a question of securing the largest possible production capacity in 
order to be able to meet the demand we expect over the next few 
years."
REpower recently obtained the necessary approvals for establishing a 
production facility for nacelles for the offshore 5M turbine in 
Bremerhaven. In addition, REpower expects that the planning 
conditions for a second production hall in Rendsburg-Osterrönfeld 
(Schleswig-Holstein) will be created soon. At this site the onshore 
3.3M turbine is to be manufactured.
end of announcement                               euro adhoc 05.07.2007 13:21:31

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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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