euro adhoc: REpower Systems AG
other
REpower und EDF EN conclude framework
agreement for Europe and the US about 690 MW
Total volume of incoming orders of single contracts and framework agreements is
above the 1,500 MW announced in July
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
20.12.2007
Hamburg, 20 December 2007. REpower Systems AG (WKN 617703) and its existing client EDF Energies Nouvelles (EDF EN) - a subsidiary of Europe´s biggest utility EDF - have concluded contracts about the delivery of wind energy turbines with a total rated power of up to 690 megawatts (MW) for projects in Europe and the US, of which 400 MW have already been agreed upon and 290 MW were fixed as a further expected option.
The transaction of such intercontinental delivery contracts - in this case, for projects in Europe as well as in the US - is a premiere for REpower. According to this, REpower wind energy turbines of the MM series (each with 2 MW rated power) in a 50 Hz as well as 60 Hz version, which correspond to the requirements of the American market, are included in the agreement. The installation period of the projects is scheduled for 2009 and 2010.
The contracting party of REpower in the US is the project developer enXco which belongs to EDF EN and with which REpower is already collaborating for US wind farm projects like Goodnoe Hills (Washington State).
end of announcement euro adhoc
Further inquiry note:
Thomas Schnorrenberg
Investor Relations
Phone:+49 - 40 - 53 93 07- 23
Fax.: +49 - 40 - 53 93 07- 77
E-mail: 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