EANS-News: REpower Systems AG / REpower and Vattenfall sign 150 megawatt contract for offshore wind farm off the British Isles

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Hamburg/Stockholm (euro adhoc) - Hamburg/Stockholm, 15 July 2009. REpower
Systems AG (WKN 617703) and Ormonde Energy Limited (OEL), a subsidiary of
Vattenfall AB, concluded an agreement today on the supply of 30 REpower 5M
offshore wind energy turbines with a total rated output of 150 megawatts. For
REpower, this is the largest offshore agreement to date for the UK. The turbines
are intended for the Ormonde wind farm, on which construction is to begin at the
start of 2011 around 35 kilometers away from the town of Barrow-in-Furness on
the northwest coast of England.

In 2007 the Ormonde Offshore Wind Farm in the Irish Sea received approval from
the UK Government. Water depths at the location vary between 17 and 30 meters.
The total of 30 REpower 5M turbine nacelles and hubs are to be manufactured at
REpower´s offshore manufacturing and logistics center in Bremerhaven and are
intended for delivery from the end of 2010 onward.

The components will then be shipped to the Harland & Wolff shipyard in Belfast,
Northern Ireland. Rotor blades and tower segments will also be transported to
Belfast, where pre-assembly is planned. The turbines are then to be shipped out
to sea using a jack-up platform, where they will be installed on jacket
foundations. Construction will be carried out by Vattenfall and/or companies
commissioned by Vattenfall AB; operation and test-phase monitoring will be
carried out by REpower. Vattenfall AB also concluded an offshore service
agreement with REpower for a total of five years´ service and maintenance of the
Ormonde wind farm.

Matthias Schubert, CTO of REpower Systems AG, said: "The conclusion of the
Ormonde agreement is once again testament to the high level of confidence
enjoyed by our offshore technology among customers across the world. We are
delighted to supply 30 of our proven and reliable REpower 5M turbines to an
offshore project of Vattenfall, one of the largest energy providers in Europe."

David Hodkinson, Head of UK Development for Vattenfall Wind Power, added:
"Vattenfall bought the Ormonde project last year and since then we have faced a
number of issues including the weakening of Sterling and increased costs. Helped
by the UK Government's announcement to review the support offered to offshore
wind farms facing such pressures, our project team has now been able to make
this key investment decision for the project and we are very pleased to have
entered into a firm contract with REpower for the project's wind turbines."

With a rated output of 5 megawatts and a rotor diameter of 126 meters, the 5M is
one of the largest and most powerful wind energy turbines in the world. The
rotor consists of three rotor blades, each one 61.5 meters in length, and covers
the area of two soccer fields; the nacelle is the size of two houses. Since
2004, REpower has erected 17 turbines of this type both onshore and offshore.

Further inquiry note:
Heike Binder
Tel.: +49(0)40 5555090-3209
E-Mail: heike.binder@repower.de

end of announcement euro adhoc
--------------------------------------------------------------------------------

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, Quotrix
stockmarkets: Open Market: Berlin, Hamburg, Stuttgart, Düsseldorf, München,
regulated dealing/prime standard: Frankfurt
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

print