Press release BoxID: 113989 (Senvion SE)
  • Senvion SE
  • Überseering 10
  • 22297 Hamburg
  • Contact person
  • Daniela Puttenat
  • +49 (40) 5555090-3024

REpower Systems AG comments on current speculations in the market

(PresseBox) (Hamburg, ) Due to recent speculations in the market, REpower Systems AG (WKN 617 703) informs that the company currently is in advanced negotiations about orders with a total volume of up to 1,500 MW. Those concern several framework and individual contracts for projects in the European foreign countries and in the USA, which should be realized in the years 2008 until 2010. REpower is aiming to complete the negotiations in this quarter.

Furthermore, REpower Systems AG expects the award of the second phase of a tender of the Portuguese government with a volume of 400 MW to 600 MW in the next weeks. In a preliminary result published in April, the consortium headed by REpower, which is represented by the Holding Ventinveste, considerably led before the second and thirdplaced consortia respectively, Novas Energias and Ventonorte, and qualified for the final selection.

REpower Systems AG will promptly inform about the result of this tender as well as about the further course of the negotiations of the framework- and individual contracts with the mentioned total volume of up to 1,500 MW. The management board intends to adjust the sales forecast for the fiscal year 2008 and, based on the increased planning security, to provide a first forecast for the fiscal years 2009 and 2010.