- 21.02.2008, 11:45:40
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- OTE0005
REpower and RWE Innogy agree on negotiations for framework agreements for up to 1,900 megawatts
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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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Hamburg (euro adhoc) - 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.
Matthias Schubert, as CTO responsible for technology and development at REpower
Systems AG, said: "The interest shown by an important global player such as RWE
is renewed evidence for the outstanding quality of our products. We are
confident that we can bring the negotiations to a swift conclusion and we look
forward to the collaboration."
Kevin McCullough, COO of RWE Innogy, added: "Wind power plays a decisive role on
our path towards positioning RWE Innogy as the driving force behind tomorrow´s
technology in Germany and Europe. Offshore wind farms especially place the
highest demands on the technology implemented. I am certain that in REpower we
have found a strong partner to push forward our goals in this area."
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.
Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Phone: +49 40 55 55 090-3051
Email: t.schnorrenberg@repower.de
end of announcement euro adhoc
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emitter: REpower Systems AG
Überseering 10
D-22297 Hamburg
phone: +49(0)40-55 55 090-0
FAX: +49(0)40-55 55 090-3900
mail: info@repower.de
WWW: http://www.repower.de
sector: Alternative energy
ISIN: DE0006177033
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English
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