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REpower Systems AG: Statement on today’s news coverage in Financial Times Deutschland

(PresseBox) (Hamburg, ) The executive board of REpower Systems AG (WKN 617703) comments the articles "Indians want to squeeze money out of wind power company", "Doubting Suzlon’s financial power" and "Clever Indians" that were published today in Financial Times Deutschland as follows: The executive board peremptorily rejects the speculations on an "acrimonious battle" or "dispute" between REpower and SUZLON induced in the article and affirms that REpower acts in full compliance with the provisions of the German Stock Companies Act.

The relocation of jobs abroad which was denoted in the commentary "Clever Indians" is also not in accordance with the facts. On the contrary: REpower has initiated numerous investments for the expansion of its German production capacities in the past months. A production hall, a rotor blade factory in Bremerhaven as well as an administration and production facility in Osterrönfeld (Schleswig-Holstein) are planned and partly already under construction.

Several hundred new jobs will be created on the new German company sites. All the projects have unanimously been approved by REpower’s supervisory board.

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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 2 to 5 megawatts and rotor diameters of 82 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 more than 1,300 employees worldwide, the Hamburg-based company relies on its experience in the production and installation of almost 2,000 wind turbines. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of the US, Japan, China and Australia through its sales partners, subsidiaries and investments.