Publisher: REpower Systems AG
Consortium headed by Galp Energia and REpower leads the bidding for Government Tender in Portugal
Hamburg - The bidding consortium headed by the Portuguese Energy Company Galp Energia and represented by the Holding Ventinveste is amongst the selected final bidding candidates for the government tender in Portugal. The consortium is composed of the companies GALP, Grupo Enersis, Martifer, REpower Portugal and REpower Systems AG as well as EFACEC, a manufacturer of electric components.
The total capacity of the tender for 1,500 megawatts (MW) was divided into two lots. Concerning the second lot (400-500 MW capacity), Ventinveste is leading with 69.7 points, which is more than 9 points ahead of the consortium Novas Energias Ibéricas (amongst others consisting of Iberdrola and Gamesa) coming in second and more than 13 points ahead of the aspirant Ventonorte who comes third. The consortium Ventinveste is therefore currently the most promising candidate. The final decision is expected to be made in the mid or at the end of April.
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 880 employees worldwide, the Hamburgbased company relies on its experience in the production and installation of more than 1,500 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 sales partners, subsidiaries and investments.
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This document does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares in REpower Systems AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) absent registration or an exemption from registration under the Securities Act. The Shares have not been and will not be registered under the Securities Act.
Hamburg, 4 April 2007
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