REpower and the City of Qingdao sign Memorandum of Understanding for offshore wind farm in China

Qingdao/Hamburg, 12 January 2006. On the occasion of the 2nd Sino-German Environmental Forum in the city of Qingdao, today REpower Systems AG, REpower’s Chinese partner Dongfang Steam Turbine Works and the Municipality of Qingdao have signed a Memorandum of Understanding (MoU) about the establishment of one of the first offshore wind farms in Asia. This event took place in the presence of Chinese Vice Minister of the Environment, Zhu Guangyao, and German Vice Minister of the Environment, Mathias Machnig.

The demonstrator project contains five REpower 5M-class turbines which are due to be installed in spring 2008 next to the venue of the Olympic sailing events. The water depth at the location is approximately 20 meters. The 5M is currently the world’s largest wind turbine with a rotor diameter of 126 meters and a swept area of the size of two soccer pitches.

The city Qingdao, formerly a German colony and today one of China’s leading seaports and industrial cities, promised to give broad support to the project. “Qingdao already considers the project as its technological figurehead and new landmark. Besides, the city possesses an excellent maritime infrastructure”, said REpower’s CEO Prof. Fritz Vahrenholt in Qingdao. “With such a partner, we are confident that we can overcome the obstacles of the approval process and realise the project in the remaining short-time period before the Beijing Olympic Games in 2008.”


About REpower:
REpower Systems AG is active in the wind power industry. The company's range of business services includes the system development, licensing, production and marketing of wind turbines. This is supplemented by a comprehensive after sales service. Because of its presence in the decisive stages of the value creation chain, REpower has powerful overall competence in wind energy. With more than 560 employees, the company headquartered in Hamburg can rely on its experience in the production and installation of almost 1,300 wind turbines worldwide. The high-quality, technologically sophisticated turbines are designed in the development centre in Rendsburg and produced in the plants in Husum (North Frisia) and Trampe (Brandenburg). The internationally expanding company is represented through subsidiary companies and joint ventures in France, Greece, Great Britain, Italy, Portugal and Spain as well as in Australia.

Contacts:

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">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">t.schnorrenberg@repower.de
Internet: http://www.repower.de

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