euro adhoc: REpower Systems AG
other
REpower and EDF EN sign framework
agreement
- Delivery of up to 140 turbines with 280 megawatts
- Long-term partnership for further European giant projects
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
23.05.2006
Hamburg, 23 May 2006. REpower Systems AG (WKN 617703) and the French EDF Energies Nouvelles (EDF EN), a subsidiary of Europe's largest energy supplier EDF, enlarged their framework agreement which has existed since 2004. The contract now comprises the supply of up to 140 wind energy turbines of the 2- megawatt class to the European key markets of Germany, France, Belgium, Great Britain, Italy and Portugal before the end of 2008. This corresponds to a total capacity of up to 280 megawatts.
A project list for the supply of up to 140 turbines of the REpower MM series has already been defined and has been fixed in the contract. In total, this list comprises twelve projects which are reserved for REpower and which are expected be realised in 2007 and 2008.
By signing the framework agreement, both companies envisage extending their strategic partnership in connection with the realisation of wind energy projects in the years to come. Common business activities shall also be expanded to Eastern and Southern Europe from 2008.
Once the contract has entered into force, the first projects shall be the realisation of Luc sur Orbieu windfarms in France (eight MM70 turbines in Département Aude, Languedoc-Roussillon region) and the "Bicker" project in the UK (13 MM82 turbines in Lincolnshire).
"Our high quality requirements are paying off. Again one of the most important wind developers has chosen us as key supplier", comments the CEO of REpower Systems AG, Prof. Dr. Fritz Vahrenholt, after having signed the contract and adds: "The partnership with EDF EN is until now the most important step for our growth strategy. In addition to this we can jointly enter attractive markets as e.g. in Eastern and Southern Europe."
"The contract with REpower is a key for our development in Europe and a natural milestone in our long-term relationship with one of the leading turbine suppliers", says the COO of EDF EN, Yvon André.
end of announcement euro adhoc 23.05.2006 12:19:16
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