REpower starts co-operation in India

Mumbai/Hamburg, 14 September 2006. REpower Systems AG (Prime Standard, WKN 617703) will sign a license agreement with the Essar group, one of India’s leading industrial conglomerates. The signing ceremony is expected to take place tomorrow. REpower with its reliable 1.5 megawatt technology REpower MD will thus be represented on the growing Indian wind energy market. Furthermore, the partners intend to form a joint venture which is to produce also REpower’s 2.0 megawatt turbines in 2007.

After REpower announced its imminent market entry in the US and the conclusion of a joint venture contract in China, it will hereby enter into the vast Indian wind energy mar-ket. The contract territory of the planned joint venture “Essar REpower India” shall moreover cover potential markets in Malaysia, Thailand and Vietnam. REpower again managed to secure a controlling interest in the joint venture just as in the recently estab-lished “REpower North (China) Ltd“.

Prof. Fritz Vahrenholt, Chairman of the board of REpower Systems AG, underlines the significance of India for the worldwide wind energy market: „India with approx. 4,250 megawatts of totally installed wind power capacity is today the largest market in Asia and ranks No. 4 in the world. With Essar and its fundamental expertise in power plant and other construction services we have found an excellent partner for a successful business on this market.” Essar’s newly founded subsidiary “Essar Wind Farms” plans to realise windfarm projects with a total rated power of at least 300 megawatts until 2010.

The Essar group is one of India’s largest corporations and is amongst others involved in industries like steel production, construction and power generation. “Besides towers spe-cially developed for using Essar’s steelplates grade, we also plan to co-operate on 37m blades designed by REpower” explains REpower´s Business Development Manager Car-sten Corino. The parties furthermore examine possibilities to build up a local gearbox supply.

Anshuman Ruia, responsible for the energy business of the family-owned Essar Group, is confident: “With REpower’s leading turbine technology and the huge market potential in South Asia, we expect to create a billion dollar business over the years.”

About REpower:

REpower Systems AG is one of the leading manufacturers of onshore and offshore wind turbines. The international engineering company develops, produces and sells wind turbines with outputs ranging from 1.5 to 5 megawatts and rotor diameters of 70 to 126 metres for almost all locations. It also provides a comprehensive service and maintenance range. The high performance, reliable turbines are designed at the REpower development centre in Rendsburg and produced at the sites in Husum (North Frisia) and Trampe (Brandenburg).

Listed on the stock exchange since March 2002 and with around 700 employees worldwide, the Hamburgbased company relies on its experience in the production and installation of more than 1,400 wind turbines worldwide. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of Japan, China and Australia through its subsidiaries and investments.

Contact:
REpower Systems AG
Daniela Puttenat Corporate Communications & Public Relations
Phone:+49 – 40 – 53 93 07– 14
Fax.: +49 – 40 – 53 93 07– 37
E-mail: d.puttenat@repower.de

Thomas Schnorrenberg
Investor Relations
Phone:+49 – 40 – 53 93 07– 23
Fax.: +49 – 40 – 53 93 07– 77
E-mail: t.schnorrenberg@repower.de

Internet: http://www.repower.de

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