REpower: Denver new Headquarters for US subsidiary

REpower USA Corp., the wholly-owned subsidiary of German wind energy manufacturer REpower Systems AG(WKN 617703), will have a new US headquarters location beginning in early September. The US office for all administrative, sales and project management functions, previously located in Portland, Oregon, will move to Denver, Colorado. The company will make the official announcement at a press conference in Denver today which will be attended by the CEO of REpower USA, Steve Dayney, by the Governor of Colorado, Bill Ritter, and by the Mayor of the City and County of Denver, John Hickenlooper.

Steve Dayney, CEO of REpower USA Corp., explains: "Since 2007, we have managed our US wind energy business from a Portland, OR office located near our initial projects in California, Oregon and Washington. Today we are seeing our business grow rapidly to other regions of the US."

Mr. Dayney further comments, "To maintain REpower's future competitiveness and meet our customers' needs in the growing US marketplace, it is crucial to be strategically located and close to all our customers and projects. Denver - centrally located, with an excellent national and international transportation infrastructure and supportive business climate, provides those characteristics we believe will help us succeed in meeting our US business goals."

"On behalf of the people of Colorado, I'm honored to welcome REpower as the newest member of our New Energy Economy," Gov. Ritter said. "With a growing number of companies like REpower, Colorado is leading America toward a new, cleaner and more secure energy future. REpower is also one of the first companies to take advantage of Colorado's new Job Growth Incentive Fund (House Bill 09-1001), demonstrating that even in these tough times, Colorado is an attractive place for companies to do business and for employees and their families to live, work and play. REpower's decision to relocate its U.S.headquarters to Denver is further testament to the strength of Colorado's business ecosystem and another great example of how we are leading Colorado forward."

"We are proud to welcome REpower to downtown Denver and pleased to see a company taking advantage of our central location, highly-educated work force and growing transportation system," added Denver Mayor John Hickenlooper.

"Colorado is fast becoming the epicenter for renewable energy. REpower's decision to relocate its headquarters here is a welcome boost to our local economy and will help shine the light on all of the good things happening in our region."

Initially, the Denver office will be made up of about 25 relocating or newly hired employees. The staff level is expected to double within the next twelve months at the new Denver office, depending on the overall US wind energy market. The company will also maintain a presence in Portland.

To date, REpower USA Corp. has installed or sold over 300 wind energy turbines with a total rated output of more than 600 megawatts (MW) in the United States.REpower customers in the US include enXco, a subsidiary of EDF Energies Nouvelles, John Deere Renewables and Cannon Power.