Consortium headed by Galp Energia and REpower hand over bid for the Portuguese Government Tender covering 1.500 MW

Hamburg/Lisbon, March 2nd, 2006. The consortium headed by the Portuguese Energy Company Galp Energia, has submitted its bid by the holding company Ventinveste that was founded for this purpose in the mean time for a government call to tender to supply a total of 1,500 megawatts of wind power. A press conference was held in Lisbon today regarding the bid. The consortium consists of GALP, Grupo Enersis, Martifer, REpower Portugal and REpower Systems AG as well as of EFACEC, a manufacturer of electric components.

The total capacity of the tender for 1,500 megawatts will be divided into lots of approx. 800 to 1,000 megawatts and approx. 400 to 500 megawatts. The decision for the dedication of the tender has been officially announced for July 2006. The timeframe for implementation shall be five years and it shall begin from 2008. In case the consortium should be awarded the tender, REpower considers to set up local blade manufactory and production facilities in Portugal.

Pieter Wasmuth, CFO of the REpower Systems AG Management Board, explained today in Lisbon that “with this tender, we are bidding for one of the most important projects for the future of Portuguese energy policy to make the country more independent from energy imports and to fulfil the European energy targets. Together with Galp Energia and our Portuguese Partner Martifer Energia we are confident to provide a good basis to compete for this tender- with German technology know-how and Portuguese creativity”.

CEO of Galp Energia, Jorge Borrego, added, “We are glad that we found in REpower a partner, who fulfils our demands for proven technology and reliability. We strongly believe that REpower represents a key element in this group and we know we can rely on its expertise and true commitment to make this call to tender a success.”

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.

About Galp Energia:
Galp Energia is the leading oil and gas company and a key player in the Portuguese economy. Galp Energia is the market leader in fuel distribution and sales. Its range of businesses includes upstream and downstream oil in Portugal, Brazil and Angola, as well as distribution of natural gas nation wide. The company’s commitment is to secure costumers’ preference through integrated energy offers and complementary services in markets where Galp Energia may obtain competitive advantages, adding value to customers, shareholders, and employees.

According to the new energy model recently established by the Portuguese Government, Galp Energia is meant to take a wider and stronger role in the Power area. Through Galp Power, Galp Energia’s holding for power and renewals, the company will both produce and supply electricity, in competition with the other main energy company in the country.



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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