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euro adhoc: REpower Systems AG
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REpower and RWE Innogy agree on negotiations for framework agreements for up to 1,900 megawatts

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Contracts

21.02.2008

Hamburg/Essen, 21 February 2008. Today, the REpower Systems Group (WKN 617703) and RWE Innogy, the RWE Group´s subsidiary specialising in renewable energies, have signed a Memorandum of Understanding (MoU), which provides for the negotiation of framework agreements with a volume of up to 1,900 megawatts. It involves some 250 offshore wind turbines of the 5M/6M type series and an approximate number of 200 further onshore wind turbines of the 2-megawatt class.

The intention is to conclude the negotiations on the framework agreements within the next three month or by the end of the year at the latest. The wind turbines should then be manufactured and delivered by REpower within a timeframe of 4 to 6 years, beginning on 1 January 2010.

RWE Innogy combines the expertise and the power stations of the RWE Group in the area of renewable energy. The company plans, constructs and operates turbines for regenerative electricity generation and energy production. The aim is the rapid expansion of electricity generation on this basis in the UK and continental Europe. The company´s focus includes on- and offshore wind farm projects in Europe. RWE Innogy began operating on 1 February 2008, currently has a generating capacity of around 1,100 megawatts and employs approximately 600 staff.

end of announcement                               euro adhoc
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Further inquiry note:

Thomas Schnorrenberg
Investor Relations Manager
Phone: +49 (0)40 55 55 090-3051
Email: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, 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

Original-Content von: Senvion GmbH, übermittelt durch news aktuell

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